Chileans toast solar success
47MW PV project was originated by Verano Capital
A 47MW solar project originated by Verano Capital was successful in Chile’s latest renewables tender.
The project, which won with a bid of $25.38 per megawatt hour, will be combined with wind farms to provide electricity 24 hours a day, the company said.
Verano Capital designed and developed the solar project before partnering with a fund that eventually took the project to bid.
Verano Capital chief executive Dylan Rudney said: “It was an extremely competitive tender. Contracts were awarded at an average price of $32.50/MWh, which represents a 75% drop from the peak of $130/MWh reached in the 2013 tenders.”