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GCC: Cerro Dominador closes $758M financing for the first concentrated solar power plant in Latin America

Sat May 19, 2018 4:33 pm

Cerro Dominador, a Chilean company owned by investment funds managed by EIG Global Energy Partners (EIG), signed the financing for its Concentrated Solar Power plant (CSP) located in the Atacama desert, in Chile. This will allow the company to finalize the construction of the first combined CSP and photovoltaic project in Latin America, with a total of 210 MW of capacity. The plant will supply clean, reliable energy to the national interconnected system in Chile, selling most of its power under 15-year power purchase agreements awarded at the end of 2014. . . .

The Cerro Dominador project is located in Maria Elena, near Calama, in the Antofagasta Region, an area with one of the highest solar radiation in the world. The new plant will produce clean energy, replacing the expected emissions of 640,000 tons of CO2 per year, reaching—as an integrated project—a total of 870,000 tons of CO2 reduction per year. . . .

EIG took its control position and management oversight of the solar project at the end 2016. The first part of the Solar Project, with 62 MW of photovoltaic power started in October 2017, reaching the full 100 MW in February 2018.
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

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