The first portfolio consists of two PMGD projects with a total capacity of 18 MWp, located in Maule and O’Higgins Regions, and were acquired from Canadian Solar. Sonnedix has issued the notice to proceed (NTP) for construction to Grenergy as EPC contractor and the projects are expected to reach commercial operation in Q3 2019.
The second portfolio also consists of two PMGD projects with a total capacity of 14 MWp and will be built ‘behind-the-meter’ of an industrial client, located in the Coquimbo Region. The projects have been purchased from Imelsa, a local partner active in energy commercialization through PPAs with industrial consumers and the solar component consumed by the end client will be sold through a PPA with Imelsa Energía SpA. Located in the communes of La Serena and Vicuña, the construction of the projects is expected to start in the first quarter of 2019 and reach commercial operation by Q3 2019.
Under the PMGD program, the projects are eligible for the stabilized price regime calculated by the Chilean National Energy Commission (CNE). The program grants automatic connection to the medium voltage grid and the certainty that all power production will be injected to the electricity system.
These latest acquisitions expand Sonnedix’s controlled capacity to 347 MW in Chile.
“Sonnedix sees considerable growth opportunities in Chile market, with its long-term commitment to renewables and stable regulatory environment” said Axel Thiemann, CEO of Sonnedix, while in Santiago. “We are planning to invest USD 350 million over the next three years on projects that will help achieve key strategic goals for the country’s power system.”