ACCIONA will build the biggest photovoltaic plant in Latin America in Chile, a 343-million-dollar investment

Escrito 18 Sep 15

After two years of adjustment and contention of new developments ACCIONA retakes growth and will build LatAm’s biggest PV plant in Chile (El Romero Solar – 247MW), which will represent a $343m investment.

Most of this capex will be expend in 2016-17, and the plant is expected to be operational in mid-2017. This will enable the ACCIONA to cover a large part of its commitment to supply 600GWh of electricity from renewable sources to distribution concession holders in the Central Interconnected System (SIC) from 2018 onward.

This capacity, awarded in a tender in 2014, will represent an investment of around $500m for ACCIONA, which means the company will need to develop additional renewable assets in addition to El Romero Solar which will mean another $157m investment.

( Press release)

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