Israeli venture capital fund opens 3-MW solar farm in Chile

The Candelaria solar farm in Mostazal, O'Higgins region. Image by Chilean energy ministry (www.energia.gob.cl)

October 19 (Renewables Now) - An Israeli venture capital fund last week inaugurated its 3-MW Candelaria solar photovoltaic (PV) park in Chile’s O’Higgins region.

The plant will operate under the PMGD regime, Chile’s special scheme designed for distributed generation projects of up to 9 MW. As the PMGD project, Candelaria is entitled to remuneration at a regulated stabilised price.

Israel Cleantech Ventures realised the project with support from Chilean state development agency Corfo and administered by Greenvestment SA.

The public-private investment represents the first renewable energy project in operation for the Israeli fund, the Chilean energy ministry said.

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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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