Atlas Renewable Energy, an affiliate of the private equity investment firm Actis, has submitted an application to the Chilean environmental regulator to build a 726 MWp (854 MWac) solar PV power plant in the Antofagasta region (Northern Chile) for a total investment of US$450m. The project will require the construction of a new transmission line to be connected to the grid.
According to the ERNC Report of the National Energy Commission (CNE) of Chile, 107 renewable power generation projects with a cumulated installed capacity of 7,825 MW and worth US$14.5bn were in the environmental qualification stage within the Environmental Impact Assessment Service (SEIA) at the end of 2019. Most of these projects were solar projects (97 projects, accounting for more than 6.5 GW, or 84% of the proposed capacity), followed by wind projects (7 projects totalling 1.2 GW, or 16% of the total capacity), 2 mini hydropower and 1 biomass projects (less than 0.2% of the capacity).
Among the largest projects, Colbun is developing the 610 MW Jardin Solar PV project in the Tarapacá region, and the 719 MW Inti Pacha PV project, which will require an investment of US$788m. The project will be built in three phases in María Elena, in the Tocopilla province of the Antofagasta region, and should be completed in late 2024.
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