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Rijn Capital Chile’s Solar Project Pipeline Is Now Over 500 MW

A new 35.8 MW solar PV power plant is now in the works in the northern Antofagasta region of Chile — with the environmental impact assessment application just put forward to the appropriate authorities by the developer Rijn Capital Chile, as per recent reports.

The new project, if it goes forward, will add to Rijn Capital Chile’s current 500 MW solar PV project development pipeline in the country.

Image Credit: Flag via Flickr CC

The project is currently known as the San Pedro V project, and construction is expected to begin sometime around the beginning of January 2015 — the currently set date being January 2nd. The environmental impact assessment application was submitted to the Chilean authorities (SEIA) only very recently though, so nothing is yet set in stone.

The project is to be located in El Loa Province, Calama — which is located in the northern Antofagasta region of Chile. It should be needless to say, given the great number of projects being developed in this region, that it possesses significant solar resources (high solar insolation).

pv-parity-wholesale

In total, the project is expected to require somewhere right around $85 million in investment. Once completed, it will feed power into the country’s northern SING grid electricity network.

According to the research firm IHS, Chile’s solar PV project development pipeline currently stands at an impressive 9 GW (as of the beginning of September). Big investors in the region, other than Rijn Capital Chile, include SunEdison and Yingli Green.

With the great solar insolation that the region receives, it seems pretty likely to that investments there will continue growing over the next few years.

Image Credits: Flag via Flickr CC; Eclareon

 
 
 
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Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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