CVE Chile agrees to acquire four solar 45 MWp of PV projects from Spanish co Solarpack

CVE Chile, a subsidiary of CVE Group, has signed a deal with the Solarpack for the acquisition of four solar projects under development, each with a generating capacity of 9 MW, for USD45 million. Located in Chilean Regions I, VI and VII, these plants are being built under the Chilean government’s PMGD scheme (from its acronym in Spanish, Pequeños Medios de Generación Distribuida) to encourage the development of small (sub-9 MWac) power generation plants.

The four newly acquired projects are ground-mounted solar power plants with a generating capacity of 9 MWp located in San Clemente and Linares (VII region), near Rancagua (VI region), and in the North of Chile near Pozo Almonte (I region). These projects are to be commissioned in 2019.

This deal establishes CVE Chile’s position as a key player in the decentralized solar power sector in Chile (PMGD) and also consolidates Solarpack’s position in this market, where it has successfully developed over 120 MWp and built 67.5 MWp of solar PV projects in the country, 31.6 MWp of which are PMGDs owned and operated by the Spanish company.