Chile’s solar industry is booming with developments in recent years. Recently, Activos en Renta Grupo Corporativo has begun developing a 471.29-MWp solar project in Chile. The solar project is located in the Antofagasta region.
It is reported that the project will comprise installation of approximately 1.01 million bifacial photovoltaic (PV) modules. In addition, it will have a step-up substation with two transformers and a 13.5-km long 220-kV high-voltage transmission line.
In another development, Sonnedix Power has acquired a 160-MWp solar photovoltaic (PV) project in the country. The project is located in Las Cabras, O’Higgins region.
In fact, the country is making huge advances in renewable hydrogen, which is produced through electrolysis that splits water into hydrogen and oxygen. It is reported that Chile has plans for renewable hydrogen in the arid north, where solar electricity is found in abundance.
Earlier this month, OPDEnergy received financing for 17 MW of small-scale distributed generation solar installations. It is reported that the company will secure a $13.7-million loan from he Inter-American Corporation of Infrastructure Financing. This will be for a term of 18 years.
The proceeds from the funds will be used to develop, build and operate projects comprising three solar plants in the country’s Valparaiso region.