Solar panels. Featured Image: pornvit_v/Shutterstock.com
Japanese trader Sojitz Corp (TYO:2768) announced today it has joined a 98-MW photovoltaic (PV) project in Chile.
The company got 60% in the projects. Its partners are Japanese utility Shikoku Electric Power Co Inc and France’s construction companies Eiffage SA with stakes of 30% and 10%, respectively.
The Huatacondo solar independent power producer project (IPP) will be built in the northern part of Chile’s Atacama Desert. Construction is scheduled to start this month with operation expected to begin in August 2018. The output will be sold on Chile’s wholesale electricity market.
Shikoku Electric will be in charge of the engineering, procurement, and construction (EPC) as well as the operations and maintenance (O&M) of the PV plant.
Sojitz also has solar projects in Germany and Peru, the firm noted.