Canadian Photo voltaic was behind the corporate Zapaleri that obtained a profitable bid in Chile’s July public sale with 253MWp of photo voltaic PV and 1GWh battery power storage.
Whereas a complete of 15 firms had been chosen for bidding, solely two firms have been profitable of their bids with a complete of 777GWh of energy provide – for a median value of US$37.38/MWh – that amounted to simply 14.8% of the 5.250GWh initially auctioned.
One in all them was Zapaleri, whereas the opposite profitable public sale bidder was Spanish developer Fotowatio Renewable Ventures by way of its Chilean subsidiary.
Latin American-focused power portal Energía Estratégica revealed that Canadian Photo voltaic was behind Zapaleri forward of the public sale final July, however the developer didn’t make any announcement on the time. However a latest media launch revealed that Canadian Photo voltaic was, the truth is, behind the bid.
The developer gave additional particulars in regards to the “Zaldivar” mission which might be positioned within the area of Antofagasta.
The solar-plus-storage mission is at present in mid-stage improvement and is anticipated to begin development in 2024 and might be operational in 2026.
Furthermore, a part of the electrical energy generated might be bought by distribution firms in a 15-year energy buy settlement (PPA) whereas the remaining might be bought by non-public power off-takers.
Canadian Photo voltaic at present has a backlog of 600MWp of photo voltaic PV tasks in Chile and a couple of.2GWh of battery storage tasks, mentioned Shawn Qu, chairman and CEO at Canadian Photo voltaic.
“Chile is likely one of the most promising renewable markets in Latin America,” added Qu.
Between July 2020 and June 2021, the developer had greater than 23.5GW of PV tasks in its pipeline, behind solely Lightsource bp when it got here to the worldwide high 10 PV builders, based on knowledge from Mercom Capital Group. A couple of third of Canadian Photo voltaic’s pipeline is positioned in Latin America, which has topped the checklist of areas with most photo voltaic developments.
PV Tech might be taking a better take a look at the way forward for photo voltaic in Chile within the upcoming version of PV Tech Energy (Quantity 32), which is due out in September. You possibly can subscribe and entry earlier editions of the journal right here.
