Etrion gets Chile solar PPA

Etrion has nabbed a power-purchase agreement with a mining company for an 8.8MW PV system in northern Chile, adding to the tremendous momentum Chile’s nascent solar sector has built over the past few months.

Etrion, a mid-sized solar power producer based in Switzerland, first signed a letter of intent with Atacama Minerals Chile to build the $25m PV system in January.

But with a PPA in hand, Etrion can launch into construction by the end of the year, with commissioning slated for second-quarter 2014.

The power will be sold on a take-or-pay basis, with the PV system expected to provide 35% of the Aguas Blancas iodine mine’s total power requirements.

The project will be financed via non-recourse debt and an unspecified amount of equity from Etrion.

Etrion’s existing 60MW PV portfolio lies entirely within Log in to read complete article.

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