CVE Chile, a Chilean subsidiary of the CVE group, has recently signed an agreement with Solarpack for 45 million dollars for the purchase of four solar plants under development, with a generating capacity of 9 MW. Located in Regions I, VI and VII of Chile, these plants are being built under the PMGD (for its acronym in Spanish, Small Distributed Generation Media) program of the Chilean government to encourage the development of small power generation plants (sub-9 MWac).
With this operation, CVE Chile consolidates itself as a key player in the decentralized solar energy sector in Chile and reinforces Solarpack’s position in this market, where it has successfully developed more than 120 MWp and built 67.5 MWp of photovoltaic projects in the country.
In the coming years, CVE Chile plans to maintain a constant rate of development of around 40 MWp per year, reaching a renewable generation capacity of 220 MWp by 2022
“This operation accelerates our development in Chile and consolidates our leading position in the PMGD market. In the coming years, we plan to maintain a constant development rate of around 40 MWp per year, reaching a renewable generation capacity of 220 MWp. for 2022, ” the general manager of CVE Chile, Pierre Boulestreau announced.
Chile acknowledges how essential decentralized renewable energy sources are and especially their role in reducing the environmental impact and infrastructure costs involved in energy transport. CVE Chile is strengthening its position as a producer of decentralized renewable energies in Chile, which means that this energy is produced close to the place of consumption. The four new solar power plants acquired account for a generating capacity of 9 MWp and are located in San Clemente and Linares (VII region), near Rancagua (VI region), and in northern Chile near Pozo Almonte (I region) ). The aim is to start the projects in 2019.
Solarpack was established in Chile 10 years ago and “ten years later, we remain committed to the country with our 58.1 MWp in operation”
Pablo Burgos, CEO of Solarpack, said: “Ten years ago, Solarpack established itself in Chile as a pioneer in the development of solar energy, activating a technology that has since transformed the country’s electricity market.” Ten years later, we remain committed to the country with our 58.1 MWp in operation and with the delivery of the best solar energy solutions of its kind for our clients. We are delighted to have reached this agreement with CVE Chile, under which we will begin to execute several solar photovoltaic projects for a total of 44.7 MW DC in the coming weeks “.
Solarpack has six photovoltaic solar plants in operation in Chile: Calama Solar 3, which was the first industrial-scale solar plant in South America, with a total installed capacity of 1.1 MWp; Pozo Almonte Solar 2 (8.1 MWp) and Pozo Almonte Solar 3 (17.3 MWp), which produce 13% of the energy consumed by the mining company Doña Inés de Collahuasi; Pozo Almonte Solar 1, which has 10.5 MWp; and two 10.5 MWp plants (Calama Solar 1 and Puerto Seco Solar) located in Calama, within the Atacama Desert. In addition, Solarpack has recently built and sold a 9.4 MWp plant located in Diego de Almagro.
CVE Chile´s strategy is in line with CVE group´s vision on the renewable energy market, based on the decentralization of production and on a model of direct energy sales through private contracts, in response to the needs of the local companies and authorities. After a period of four years of selling electricity through a stabilized price mechanism, CVE Chile will be able to sell its renewable energy directly to industrial companies in the Santiago region through private purchase agreements (PPAs) or long-term power purchase agreements.