Chile

The Czech solar developer intends to issue public bonds worth 500 million CZK ($19.9 million). The company will use the net proceeds to finance part of a 60 MW PV project pipeline in northern Chile.

The approved project is the $200 million Alwa solar plant. The installation will be located in northern Chile.

Amigo Solar, a Chilean microgrid provider, announced yesterday its collaboration with a digitized billing system that will help it to alter the utility landscape in the Latin American country. The case shows how solar and IT change the electricity market structures.

The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.

PV systems installed under Chile’s net-metering scheme have reached 6.4 MW. The Chilean government has recently made it easier to install small-sized PV for self-consumption.

1,620 GWh of capacity is set to be auctioned in the daytime block. The timetable has been set for the presentation of bids for the first stage to take place on 11 October.

The Japanese financial institution increased investments in clean energy and energy-smart technologies during an overall sector downturn in investment.

In their 10 predictions for 2017, Bloomberg New Energy Finance’s chair and chief editor argue that we are entering a phase where low-cost renewable energy will come to define the power system, despite ideological and financial headwinds.

The Spanish company was awarded a US$117 million contract to build the project near Santiago.

Spanish renewable energy company Abengoa announced that it will immediately restart construction on the exciting Atacama Desert solar project in Chile, where a 100 MW PV plant and a 110 MW solar thermal plant will look to take advantage of the world’s most concentrated solar radiation.