Hong Kong-based Sky Solar Holdings Ltd (NASDAQ:SKYS) has presented a plan for a 45-MW photovoltaic (PV) park in Chile's northern Arica region during a recent meeting with the local government.
The plant, which is the largest solar facility in the region, will commence operations in approximately September 2016, according to a government press release on Wednesday. Construction is expected to start in November in the Pampa Dos Cruces sector, on state-owned land awarded to the company last year.
The project, part of Chile's northern grid SING, calls for an investment of over USD 100 million (EUR 88.3m), while its output will be sold on the spot market, said Jaime Gomez, business manager at Sky Solar.
Local authorities expect that the installation of the PV park could attract other companies to the region, highlighting the solar resource and tax incentives.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.