Solarpack starts the operation of the 123 MW Granja Solar power plant in Pozo Almonte

Solarpack has started to commercial operation of the 123 MW Granja Solar power plant in Pozo Almonte, Tarapacá Region, in the middle of the Atacama Desert

The Granja solar plant developed, built and operated by Solarpack has started injecting energy into the Chilean national electricity system on March 2. This represents a very important milestone for the Company, which generates energy in Chile through an operating fleet that totals 181 MW.

The project has an installed capacity of 123 MW and represents an investment of more than US$110 million. The project has long-term non-recourse financing granted by KfW Ipex-Bank for up to US$91 million.

Granja will sell its energy to Chilean power distributors through long-term sales contracts (PPAs), signed after being awarded in 2015 electricity supply tender held in the country with the most competitive price offered by a solar photovoltaic project until the date, contributing to the reduction of the energy supply price of Chilean households. The project has been connected 10 months in advance of the date of commencement of the PPAs, which will begin on January 1, 2021.