Akuo and Atlantica Sustainable Infrastructure have closed the financing and started the construction of a portfolio, composed of nine photovoltaic power plants with a total capacity of 80MW in Chile. Located in the Regions of Maule (VII), Ñuble (XVI), Araucanía (IX) and Biobío (VIII), the projects are all situated in the south of Santiago de Chile. The portfolio benefits from the country’s PMGD (Pequeños Medios de Generación Distribuida) regime. Akuo and Atlantica Sustainable Infrastructure are the equity sponsors whereby the debt financing is provided by DNB. Maire Group will perform the engineering, procurement and construction activities on the plants.
The Italian engineering company also acted as co-developer of the initiatives, through its Integrated E&C Solutions business unit. Martin Bocage, Akuo Country Manager for Chile, Argentina and Uruguay, said: “Akuo is a committed stakeholder to Chile’s energy transition and we stick to our words. “Construction is ongoing and we will soon inject electricity for the benefit of the citizens. “Chile’s renewable energy strategy encourages us to continue growing and investing on this country.” Antonio Merino, VP South America at Atlantica, added: “This investment increases Atlantica’s presence in Chile as we continue executing on our growth plan in renewables. “The portfolio is fully aligned with our long-term strategy and GHG emissions reduction targets. “Chile is one our core geographies in South America and we plan to continue devoting time and efforts to close new investments and contribute to the transition of the country towards a clean energy mix.”
Credits: renews.biz [Image: Akuo]