Blue Elephant Energy purchases 120 MW of DG solar in Chile

• German solar as well as wind farm driver Blue Elephant Energy GmbH (BEE) has actually obtained a 120-MW portfolio of solar dispersed generation (DG) assets in Chile for an unrevealed sum, increasing its portfolio in the nation to 281 MW.

The Hamburg-based company claimed on Thursday it acquired the portfolio from Chilean programmer Fondo de Inversion Rockville Solar Energy (Rockville) in early Might this year. It claimed it had performed the purchase along with its regional companion oEnergy Capital SpA, part of Chilean dispersed energy sources professional oEnergy.

"After two effective purchases with oEnergy, we are pleased to further increase our partnership in Chile. oEnergy will certainly support us in the project not only as a financial investment companion yet likewise operationally," claimed Alexander Kolb, Investment Supervisor of Blue Elephant Energy GmbH and leader of the bargain team.

The acquired package has 20 assets, mainly solar farms currently in operation. The projects that are currently under construction will certainly be commissioned next year.

The portfolio gain from the stabilised cost routine for DG systems, recognized in Chile as the PMG(D) law.

"With the acquisition of the portfolio, we can secure one of the largest PMGD portfolios in the Chilean market," Kolb included.

Following the Chilean transaction, BEE's global portfolio will expand to 1,513 MW of wind as well as solar in eight nations, the firm said.