Latin American Power raises project financing for 184.8MW Chilean wind farm
Latin American Power (LAP) has closed financing to develop the 184.8 MW San Juan wind farm which will be the largest facility of this type in Chile.
The wind farm, located in the Atacama region on the south coast of the Freirina municipal district, will have total installed capacity of 184.8 MW. Vestas will supply 56 of its V117 3.3MW turbines to the project.
Spain's Elecnor, which is building Kuwait's first wind farm, will be responsible for the full execution of the balance of plant (BOP), the engineering work, supply and construction of the plant's transmission network (84 kilometres of 220 kV line), the San Juan electricity substation and the connection to the substation (Punta Colorada) where the network joins the Chilean backbone network.
LAP acquired the project in 20131. The firm has plans to develop two additional wind projects in Chile, the 150MW Llay and the 46MW Totoral projects.
LAP is controlled by Brazilian investment bank BTG Pactual. The company is currently being acquired by SunEdison, and it is expected feed projects into its soon-to-be-launched second yieldco, TerraForm Global.
Country news
-
-
May 27, 2015
HydroChile plans 90 MW Chilean photovoltaic project
Santiago-based company HydroChile S.A. has delivered plans to build the 90 MW Andean Solar Park in the north of Chile, in the Atacama region. Read more -
May 28, 2015
Abengoa obtains environmental approval for Atacama 2
Abengoa has obtained a favorable environmental rating for the 210 MW Atacama 2 solar complex located near Sierra Gorda, in the Antofagasta region of Northern Chile. Read more -
June 30, 2015
Electrica Puntilla nears financial close on Nuble hydroelectric project
Electrica Puntilla has announced that it will close on the finance of the 136 MW Nuble hydroelectric project in southern Chile by July 15th. Read more -
August 03, 2015
SunEdison secures $160 million financing for solar project in Chile
SunEdison has closed on the finance and started construction of its 110 MW DC Quilapilun solar power plant in Chile. Read more -
August 04, 2015
Cheniere signs sale and purchase agreement with Central El Campesino
Cheniere Energy, through its subsidiary, Cheniere Marketing International, has entered into a liquefied natural gas ("LNG") sale and purchase agreement (SPA) with Central El Campesino. Read more
