Etrion to build 8.8MW of Chilean PV

Etrion has inked a letter of intent to build an 8.8MW PV system for a mine owner in Chile, representing the Swiss-based developer’s first push outside Europe – and its first subsidy-free project.

The customer is Atacama Minerals, with the off-grid PV array slated to provide electricity to its Aguas Blancas iodine mine in northern Chile by spring 2014.

Etrion will build, own and operate the project with the intention of signing a long-term power purchase agreement with the miner by the end of March, once the financing is in place.

Etrion says the project will cost no more than $20m, some of which will come from non-recourse project finance, and the rest off its own balance sheet.

Etrion – based in Geneva and publicly Log in to read complete article.

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