Chile

Etrion has recorded a consolidated net loss of $14.4 million in the second half of 2017, primarily due to depreciation and financing expenses.

The huge plant would consist of a 707 MW PV section and a 300 MW unit and would be located in the northern region of Tarapacá.

Power produced by the Quilapilún PV station will be sold to the regulated market under a PPA awarded to the project in an auction held by local power distributors in 2014.

The three facilities are located near Santiago and are expected to sell power to local customers. All the projects were developed under Chile’s PMGD Program for distributed generation.

The Chilean authorities will begin accepting project proposals for the 2017 power auction starting from October 11.

The Huatacondo solar park in northern Chile, commissioned by AustrianSolar Chile SpA, has been acquired by Sojitz Corporation in a deal overseen by Germany’s Oppenhoff & Partner on contractual matters.

The photovoltaic plant “Uribe Solar” was officially commissioned by the vice-minister of national property Jorge Maldonado and the minister of energy Andrés Rebolledo.

In its New Energy Outlook 2017 report (NEO), published earlier this week, Bloomberg New Energy Finance (BNEF) outlines its expectations for energy in the Americas between now and 2040. The report predicts big for the key regional markets Brazil, Chile and Mexico.

The new provisions were published in Chile’s Official Journal in May. The new regulations apply to large-scale solar, wind, geothermal energy and hydropower plants.

With the now completed solar park in central Chile, the British solar developer has further established its presence in the Latin American solar market.