September 10 (Renewables Now) - Empresas Gasco SA has acquired a 100% stake in Copiapo Energia Solar SpA, the company that, at present, is developing a 150-MW solar photovoltaic (PV) project in Chile’s Atacama region, the gas utility said in a brief regulatory filing on Monday.
The adoption of the investment decision will be subject to completing the permitting process, securing the financing and approval from the board of directors, Gasco said.
According to the project database managed by Chilean environmental evaluation service SEA, Copiapo Energia Solar SpA is a unit of Solar Reserve Chile Ltda, the company controlled by California-based developer SolarReserve LLC.
In October 2014, Copiapo Energia Solar filed for an environmental permit to build two 120-MW units of concentrated solar power (CSP) plants with a central tower, a molten salt storage system and a 150-MW PV farm. The permit was granted in August 2015.
As of August 2019, 2,775 CSP projects have obtained the environmental permit, but only one, the 110-MW Cerro Dominador, is under construction, according to the latest renewables report by Chilean national energy commission CNE. None are currently operating nor undergoing grid trials.