BlackRock purchases Chilean solar projects

• Framework arrangement with Solek Group is for 200MW of PV plants

Solek Group, through its Chilean subsidiary Solek Latam, has authorized a framework contract to create, build and also offer solar projects in Chile to BlackRock's Global Renewable Power Fund III (GRP III).

The deal allows Solek Group to establish approximately 28 specific photovoltaic or pv nuclear power plant projects with an aggregate capacity of approximately 200MW.

As part of this deal, Solek will certainly additionally manage the operation as well as maintenance solutions for the projects.

Aediles Capital will certainly look after possession management in support of BlackRock Global Renewable Power Fund III.

Solek Group creator as well as president Zdeněk Sobotka stated: "BlackRock is a prominent investor in eco-friendly power internationally, which means we are becoming part of a partnership with a stable and distinguished companion who will certainly develop a long-term outlet for our services.

" This is an essential critical action in the direction of establishing cooperation with leading infrastructure financiers, who are key to the further growth of Solek Group, not only in Chile however also in other countries."

Each project will certainly be created and also connected under the Chile's PMGD/PMG (distributed generation projects) programme, which is one of the columns of the country's strategy to end up being carbon neutral by 2050.

Solar power plant projects with a total set up capacity of 90.5 MW are already under preparation phase of construction.

These projects also serve areas with high demand for electricity as a result of growing populaces and also an industrialized mining sector.

Aediles Capital companion David Orellana claimed: "We anticipate working closely with Solek seasoned and also energetic team in Chile.

" Large capitalists of this type can completely appreciate the long-term and also stable return on energy financial investments."