Chile's Empresas Gasco to sell 50% of Atacama PV project vehicle

Image by: jola miziniak.

August 3 (Renewables Now) - Chilean gas company Empresas Gasco said Monday that it has signed an agreement to sell a 50% stake in its special purpose vehicle (SPV) developing a 150-MW PV project in the region of Atacama.

The company would sell the half of Copiapo Energia Solar SpA to Uruguayan firm Ampres SA for USD 2.3 million (EUR 1.9m), it said in a regulatory filing.

Ampres and Empresas Gasco will be the only shareholders of the vehicle and develop the Copiapo PV project together going forward.

The project secured an environmental and other permits needed for the construction and operation, Empresas Gasco said.

The Copiapo project was originally envisioned as a hybrid combining a 150-MW PV component with a two 120-MW concentrated solar power (CSP) tower plants. It was proposed by California-based CSP developer SolarReserve LLC, which obtained the environmental permit for the whole project in August 2015.

In September 2019, SolarReserve sold the Copiapo vehicle to Empresas Gasco, and ceased operation by the start of 2020.

(USD 1.0 = EUR 0.841)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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