Solarpack obtains USD 65m for 26.5 MWp of Chilean solar projects
Jul 31, 2013 - Spanish firm Solarpack said Tuesday it had secured over USD 65 million (EUR 49m) in financing from the US Inter-American Development Bank (IDB), the Canadian Climate Fund and French Proparco for 26.5 MWp of solar projects in Chile.
The financing will go to support renewable energy company Solarpack's 1.1-MWp Calama Solar 3 plant, which has been producing power since April 2012, and the 25.4-MWp Pozo Almonte photovoltaic (PV) park, which is currently being built. The latter facility is scheduled to be put on stream in October. The output of the two systems will be purchased by Chilean mining groups Codelco and Collahuasi.
The deal marks the IDB’s first large-scale private sector solar project and is the first finance operation in Chile for French financial institution Proparco, Solarpack noted.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.