Solairedirect to acquire PV projects in Chile and develop US solar project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Solairedirect to acquire PV projects in Chile and develop US solar project

Solairedirect SA has acquired 72 MW of solar power capacity in Atacama and has announced a partnership with sPower for a 26.5 MW solar project in Madera County, California.

Solairedirect has acquired the Denersol and Canto del Agua solar projects in the northern region of Atacama in Chile with a total capacity of 72 MW. The two projects are equipped with tracker powered systems from developer Abantia Sun Energy. The new facilities will be designed and built by Solairedirect Chile. Construction works are expected to start in late 2015.

This is Solairedirect’s third project in Chile after the Andacollo project built in 2013 with a pioneering merchant PPA and the Los Loros project, where construction is about to start in the coming weeks having secured bank financing.

Separately, Solairedirect has started collaborating with sPower to develop and build solar photovoltaic projects in the United States. The first joint initiative is the purchase by Solairedirect and equity financing by sPower of the Adera project, a 26.5 MW project located in Madera County in California.

The utility-scale project will be designed and built by Solairedirect USA Inc. In addition, Adera Solar LLC has signed a 20-year-power purchase agreement (PPA) with Southern California Edison (SCE). Construction is scheduled to start during the second quarter of 2015, with completion expected in the fourth quarter of 2015.

Adera is the first solar park to be built by Solairedirect in the United States since the foundation of Solairedirect USA Inc. in April 2014.

List of country news

Country news

  • May 21, 2015

    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. Read more
  • 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

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.