Blue Elephant Energy, oEnergy Capital complete acquisition of 120 MW solar PV portfolio in Chile
Blue Elephant Energy (BEE), in partnership with oEnergy Capital SpA, has completed the acquisition of a 120 MW solar photovoltaic (PV) portfolio located in Chile from Fondo de Inversión Rockville Solar Energy (Rockville).
The portfolio will consist of 20 solar PV farms installed in the regions of Coquimbo, Valparaíso, Metropolitana de Santiago, O'Higgins, and Maule. A large part of the portfolio is already operational, the projects that are currently under construction are targeted for commissioning by 2024. Like BEE's existing Chilean parks, the portfolio benefits from the grandfathered stabilized price under the PMG(D) regulation, making it an ideal addition to the overall portfolio.
The investment will allow BEE to expand its Chilean portfolio to a total of 281 MW. As a result, BEE's existing portfolio will increase to a total of 1,513 MW, which includes PV and wind farms in eight countries.
Country updates
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May 29, 2023
863 MW Solar-wind project received Environmental approval in Chile
The Environmental Assessment Service (SEA) of the Antofagasta region in Chile has granted approval for the environmental impact assessment of the 862.5 MW Parque Terra Energía Renovable hybrid...
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May 23, 2023
AES submits EIA for 863 MW wind-and-solar hybrid project in Antofagasta
AES Gener has submitted Environmental Impact Assessment (EIA) for its proposed Parque Terra Energia Renovable Project, a renewable energy hybrid project with a combined capacity of 863 MW. The project...
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May 19, 2023
BlackRock, Aediles complete investment in 97 MWp Chilean distributed solar energy projects
BlackRock GRP III and Aediles have concluded the acquisition of 97 MWp of Distributed Solar Energy Projects located in Chile. The project was developed by RRG Capital Management in partnership with lo...
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May 04, 2023
Chile has 231 MW of storage under construction, with PV capacity exceeding 8.2 GW
The Chilean renewables association Acera has published statistics indicating that renewable energy and storage projects under construction had reached a total of 6,950 MW in Chile by the end of March....
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April 24, 2023
Innergex achieves financial close on 35 MW/175 MWh battery storage project in Atacama
Innergex Renewable Energy has secured a non-recourse construction financing worth US$49.5 million with SMBC for the 35 MW/175 MWh San Andrés battery energy storage project. This comes as part o...
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