Chile seeks bids for 50 MW solar farm

Chile will seek bids by the first half of next year to build a solar farm of more than 50 MW in its Atacama desert.

The government will grant $20m and lend $400m for building the solar farm in northern Chile, said Energy Minister Jorge Bunster. The European Union will provide an additional $18m grant.

Jorge Bunster

On completion, the plant would be South America’s largest, said Bunster.

Government backing may encourage banks to lend to the project, even without a long-term electricity contract, Maria Gabriela da Rocha Oliveira, a Sao Paulo-based analyst told Bloomberg.

“This move may be to get the ball rolling,” she said.

Two 22 MW solar farms in Peru are currently considered to be the largest in South America. At present, Chile has three solar farms totalling 9 MW.

For more Latin America news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...