Notably, SunEdison is represented well throughout the list with three big plants. The company completed their 100 MWp plant in the Atacama desert following an agreement with the mining company CAP Steel Group, which produces enough energy to power the equivalent of 15% of their total energy demand. The financing arrangement was provided by IFC, OPIC, and Rabobank.
Developer Enel Green Power also made great strides by connecting three installations with a cumulative 136 MWp over the past several months. Keeping in mind Enel’s pipeline in Chile, even more developments can be expected from the Italian multinational player in 2015.
Spanish solar developer, Solarpack, is the developer of the 25 MW Pozo Almonte Solar, located in Tarapacá, the northernmost region of Chile. The project generates 13% of the annual power required by local mining firm Doña Inés de Collahuasi, which has signed a PPA with the plant.
A major trend visible in the list is the choice for merchant solar constructions, instead of PPA’s. The Chilean region is able to offer solar PV on the spot market thanks to a combination of high spot prices in parts of the grid, and having the highest insolation rates in the entire world. This trend demonstrates the future potential and competitive advantage of solar PV over other traditional energy sources in the region. Currently, the biggest merchant solar power projects in the world are based in Chile and are owned by Sunpower and Sunedison.
The financial arrangements for the projects are most often provided by OPIC, and the IFC. The IADB has also been very active and has the potential to surpass the other two in 2015.
The three plants just outside of this Top 10, in positions 11-13, are all around 3 MWp in size and based in the Atacama region: Solar Santa Cecilia by Commonplace Energy, Avenir 1 by Avenir Solar, and El Salvador by RTS Energy.
Chile is expected to be Latin America’s first market to install 1 gigawatt in a single year, so stay tuned for our upcoming list of 20+ major projects under construction.
Source (for data): Comisión Nacional de Energía - Capacidad Instalada Por Sistema Eléctrico Nacional - January 2015