64 MW PV Project Enters Construction In Chile

Acciona from Spain Begins Construction On 64 MW Usya Photovoltaic Plant In Chile Aiming For Completion In Mid-2020; Secures ‘First’ Green Letter Of Credit For $129 Million In European Financial System From CaixaBank
02:35 PM (Beijing Time) - 28. June 2019
acciona chile

The 64 MW Usya Photovoltaic Project is part of Acciona’s 400 MW under construction portfolio in Chile where it already operates 291 MW. By the end of current financial year, the Spanish company expects to have around 1.2 GW of total PV capacity in Mexico, Chile, South Africa, Spain, Portugal, Egypt and Ukraine. (Photo Credit: Acciona)

Key Takeaways

  • Acciona has begun construction on a 64 MW solar power plant in Chile’s Calama municipality
  • The project is likely to come online by mid-2020 and is the company’s 3rd PV project in the country
  • Acciona has also secured a green letter of credit, which it claims is the first such credit in the European financial system, with CaixaBank lending $129 million for PV modules supplied by the company for Puerto Libertad Solar Project in Mexico

Spanish renewable energy developer Acciona has broken ground on a 64 MW DC/51 MW AC solar power plant in Chile’s Calama municipality in the Antofagasta region. It is expected to generate 146 GWh of clean energy annually on completion which should be in mid-2020.

To be fitted with 187,200 solar PV modules on fixed structures on some 105 hectares of land, the Usya Photovoltaic Plant is Acciona’s third solar power project in the country.

This project is part of the company’s 400 MW renewable energy capacity it is currently constructing in Chile. The list comprises 2 wind farms in La Araucanía and a 62 MW PV project in Atacama. Acciona has an operational renewable energy portfolio of 291 MW in the country. By 2020, the Spanish firm targets to invest around $1 billion to bring online close to 700 MW of renewable energy capacity under its ownership.

This development was announced soon after the company revealed signing an agreement with UDP Renewables (UDPR) to build 2 PV projects in Ukraine with 44 MW cumulative capacity in Odessa region and anticipating an investment of €30.6 million ($35 million). Both the projects will be installed before the end of 2019. Acciona entered the Ukrainian solar PV market in September 2018 with 57.2 MW combined capacity in September 2018 (see Acciona Invests In 57 MW Ukrainian PV Portfolio).

Th Spanish company’s management also announced arranging what it calls the ‘first Green Letter of Credit in the European financial system’ with CaixaBank shelling out $129 million to guarantee payments undertaken by Acciona for supply solar PV modules for Puerto Libertad PV project in Mexico. The project assumed completion in January 2019, and Acciona says it is now operational (see 404 MW Mexican PV Plant Complete). JA Solar has provided modules for this project.

Acciona says it expects to close the current financial year with around 1.2 GW of total PV capacity in Mexico, Chile, South Africa, Spain, Portugal, Egypt and Ukraine.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani