Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

US Solar Company To Build Unsubsidized 70 MW Solar Farm In Chile

What’s better than solar power? Unsubsidized solar power that’s already cheaper than still subsidized fossil fuels. And Chile’s getting it. Notably, one of the big solar PV projects it now has planned is to be built by a US company that has mostly just been involved in the manufacturing of solar modules (not the building of solar projects).

sunpower solar farm

SunPower solar farm via SunPower


Several solar PV module companies have begun to diversify and jump into the solar developer realm in order to improve their finances and take even more advantage of the booming solar market. US SunPower is one such company. SunPower has long been a leader in commercial solar module efficiency, and also one of the top 10 (or even often top 5) solar module producers in the world. The company has quickly jumped into the hot Chile solar market. SunPower is now set to build Project Salvador, an unsubsidized 70MWp PV power plant in the Atacama Desert region of Chile.

The project will reportedly be the “largest merchant solar power station in the world,” with the electricity being sold on the regional spot market.

Ownership of the solar PV power plant will be as follows:

  • 70% independent power producer Etrion
  • 20% majority SunPower shareholder Total (Total owns 66% of SunPower)
  • 10% Spanish renewable energy firm Solventus Energias Renovables

The solar PV power plant is projected to produce enough electricity for approximately 60,000 people per year, 200 GWh.

Of course, the power plant will use SunPower technology. This includes SunPower’s Oasis Power Blocks — a fully integrated system that uses SunPower solar panels and single-axis trackers.

SunPower again started making a profit in quarter 2 of 2013, and its stock price approximately quadrupled in the first two, rebound quarters of 2013.

The 70 MW, unsubsidized Project Salvador solar farm will cost approximately $200 million. Construction is projected to begin in the fourth quarter of 2013, following the financial closing for the project. Electricity from the SunPower solar farm is projected to begin delivery in the first quarter of 2015.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Clean Transport

Tesla’s 2021 full year earnings will be released on Wednesday, January 26th, and I think we will find out that Tesla’s revenue has a...

Clean Transport

The electric vehicle revolution is here, just in time to wipe noisy, smelly, polluting diesel and gasoline delivery vans and trucks off the e-commerce...

Buildings

The REopt® web tool is a techno-economic decision support platform used by researchers to optimize energy systems for buildings, campuses, communities, microgrids, and more. Users enter site-specific...

Batteries

A hot market is growing for solid-state batteries that function efficiently at room temperature, as demonstrated by a new $200 million round of Series...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.