Articles Filter

Chileans toast solar success 

47MW PV project was originated by Verano Capital

Chileans toast solar success  image

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.”

Image: Pixabay

Other Tags

Free Trial

To receive the next 3 issues of reNEWS complete the form below

 Yes, I would like to receive marketing emails from reNEWS including special offers.

Please leave this field empty.