EDF Energies Nouvelles and Marubeni have decided to extend their partnership in North America by working together on one of the largest merchant solar power project in the world set to be developed in Chile.
The two companies have announced that they will work on the Laberinto PV power plant in Chile, which will be located in the Atacama desert and will have an installed capacity of 146 MW, making it one of the largest merchant solar PV power plants in the world.
EDF Energies Nouvelles will be responsible for the construction, operation, and maintenance of the project, though both companies will hold an equal share in the project. Construction on the project is expected to begin next year and is expected to cost up to $334 million.
This will be the third project to be executed jointly by EDF Energies Nouvelles and Marubeni, having already executed 2 projects in North America. For Marubeni this will be the first project in South America, and while EDF Energies Nouvelles has implemented projects in Brazil, this project would mark its entry into Chile.
Meanwhile, the Chilean renewable energy research institute announced that solar PV capacity under construction increased from 1.16 GW at the end of February 2015 to 2.58 GW at the end of March 2015. No new solar PV power capacity was added to the grid, however. The cumulative capacity of approved solar PV projects increased slightly from 8.17 GW in February to 8.35 GW in March. Installed solar PV capacity, however, remained unchanged at 516 MW during March.
Chile has set a target to generate 20% of the country’s electricity from renewable energy sources by 2025.
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