Sonnedix Buys 138MW Chilean Solar Power Project

(Power Technology, 20.Jul.2018) – Global independent solar power producer Sonnedix has acquired a 138MW Meseta de Los Andes project in Chile, as part of its move to expand its renewable portfolio.

Spread over an area of 250ha, the Meseta de Los Andes project is located 80km from Santiago, which is said to be the main energy consumption centre of the country.

Currently, the project is in the greenfield stage. It will be developed by Spanish construction company AR Energia and is expected to enter construction by early 2020.

“The acquisition includes ten ground-mounted operating solar PV plants located in the Marche, Molise and Apulia regions.”

With the new acquisition, Sonnedix has further strengthened its presence in the Chilean solar market, where it currently has more than 400MW capacity of utility-scale solar photovoltaic (PV) projects under development, construction or in operation.

The project’s renewable energy generation is set to contribute to supplying power purchase agreements (PPAs) already secured by Sonnedix.

Sonnedix CEO Andreas Mustad said: “Sonnedix is making a long-term commitment to supporting Chile’s renewable energy mix.

“It reflects the scale – and pace – of growth across our platform as we develop, build and operate assets across the world.”

For this transaction, Sonnedix was advised by Guerrero Olivos (legal) and Enertis (technical advice).

In April this year, Sonnedix expanded its footprint in the Italian solar market with the acquisition of 11MW portfolio from Terni Energia, which is engaged in the development of technical solutions, products and services for the energy sector.

The acquisition includes ten ground-mounted operating solar PV plants located in the Marche, Molise and Apulia regions.

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Author: ENERGY ANALYTICS INSTITUTE (EAI)

Energy Analytics Institute (EAI) is a Houston-based independent think-tank providing unbiased research, analysis, commentaries, opinions and breaking news related to the petroleum sectors in the Latin American and Caribbean regions.

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