Akuo, Atlantica close Chilean solar funding

May 4, 2023 01:15 PM ET
  • Partners have actually currently started construction of 80MW portfolio making up 9 sites southern of Santiago
Akuo, Atlantica close Chilean solar funding

Akuo and Atlantica Sustainable Infrastructure have shut the funding and also started the construction of a portfolio, composed of 9 solar power plants with a total capacity of 80MW in Chile.

Located around Maule (VII), Ñuble (XVI), Araucanía (IX) as well as Biobío (VIII), the projects are all located in the south of Santiago de Chile.

The portfolio gain from the country's PMGD (Pequeños Medios de Generación Distribuida) program.

Akuo as well as Atlantica Sustainable Infrastructure are the equity sponsors whereby the debt financing is provided by DNB.

Maire Group will certainly do the engineering, procurement as well as construction activities on the plants.

The Italian engineering business additionally acted as co-developer of the initiatives, via its Integrated E&C Solutions organization unit.

Martin Bocage, Akuo Country Manager for Chile, Argentina and also Uruguay, said: "Akuo is a committed stakeholder to Chile's energy change and we stick to our words.

" Construction is ongoing as well as we will soon inject electrical power for the benefit of the citizens.

" Chile's renewable energy method encourages us to continue expanding and also investing on this country."

Antonio Merino, VP South America at Atlantica, added: "This investment increases Atlantica's visibility in Chile as we continue performing on our development plan in renewables.

" The portfolio is totally straightened with our long-lasting method as well as GHG emissions reduction targets.

" Chile is one our core geographies in South America and also we prepare to continue devoting time and efforts to close new financial investments and add to the transition of the country in the direction of a clean energy mix."

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