Enel Green power starts construction on Chile’s largest PV plant; 160 MW in the Antofagasta region

EGP has also built the Diego de Almagro PV plant (36 MW) in Chile
EGP has also built the Diego de Almagro PV plant (36 MW) in Chile

Enel Green Power (EGP, Rome, Italy) has begun construction of the new “Finis Terrae” solar photovoltaic (PV) power plant in Chile. With a total installed capacity of 160 megawatts (MW), Finis Terrae, once completed, will be the largest PV plant in Chile.

The facility is located in the Antofagasta region and is owned by five special purpose companies controlled by Enel Green Power Chile Ltda.

Once fully operational, Finis Terrae will be able to generate more than 400 gigawatt hours (GWh) of solar power per year, equivalent to the annual electricity consumption needs of nearly 198,000 Chilean households.

 

Total investment of approximately USD 270 million to be financed with Enel’s own resources

EGP will be investing a total of approximately USD 270 million in the construction of the plant in line with the growth targets set out in EGP’s current business plan. The Group is financing the project with its own resources, EGP emphasizes.

The project is supported by a long-term power purchase agreement (PPA) with Empresa Nacional de Electricidad SA (Endesa Chile). Solar power generated by Finis Terrae, which is expected to enter into service by the first half of 2016, will be delivered to the transmission network of Chile’s northern region, SING (Sistema Interconectado del Norte Grande).

 

2015-07-09 | Courtesy: Enel Green Power | solarserver.com © Heindl Server GmbH

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