Start of construction of Solarpack's 123 MW »Granja« power plant in Chile

Solarpack CEO Pablo Burgos at the official start of construction of the »Granja« solar power plant

Spanish project developer and operator of solar power plants Solarpack Corporación Tecnológica S.L. started construction of the 123 MW solar power plant »Granja« in Pozo Almonte (Tarapacá region) in the Atacama Desert with an »installation ceremony« in the presence of Chile’s Energy Minister Susana Jiménez. In addition to other representatives of companies and government bodies, representatives of the project financier KfW IPEX-Bank, which belongs to the German KfW banking group, were also taking part in the ceremony.
The power plant, for which a total investment of $114 million has been budgeted, is scheduled to go into operation at the end of the year. KfW IPEX will provide USD 91 million as a non-recourse loan. The electricity yields of the plant go to »leading Chilean energy suppliers« within the framework of power purchase agreements (PPAs). With an annual yield forecast of 340 GWh – 2,760 kWh per kW of installed capacity – the solar power plant is considered to be one of the most productive in the world.

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