COUNTRY FOCUS : CHILE
The construction of the Chilean portfolio is financed in partnership with international banks BNP Paribas and Natixis . BlackRock Debt Fund also provided a mezzanine financing .
Once operational , the Leyda plant will supply the power generated through a 15-year Power Purchase Agreement ( PPA ) with ENEL Generación Chile . This is a long-term energy supply contract between green power producer and customer with predefined conditions .
The project was developed in accordance with the highest standards on the market and with environmental considerations in mind .
Four hundred direct and indirect jobs are expected to be created during construction . The plant is expected to be operational in the fourth quarter of 2024 .
The SOLEK Group is now focusing on new and promising areas such as the development of floating PV systems , agrovoltaics and battery storage .
SOLEK is among the leaders of solar power development in Latin America , operating nearly 40 photovoltaic power plants in Chile alone – with a total capacity of over 250 MW .
By the end of 2023 , the entire SOLEK Group had 486 MW of solar power plants connected or under construction .
Meantime , Atlas Renewable Energy , an international leader in renewable energy , has signed a Power Purchase Agreement ( PPA ) with Codelco , Chile ’ s state-owned mining company and the world ’ s largest copper producer , for the supply of 375 GWh of energy per year .
Power will be supplied around the clock through a new renewable energy project in Chile with an integrated battery storage system .
With this PPA , Atlas will supply Codelco , the world ’ s largest copper producer , with nearly 375 GWh / year for 15 years .
Atlas will develop , build and operate a new renewable energy project with an integrated battery storage system . p
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