Chilean power transmission company Transelec SA has acquired the switchyard that interconnects SunPower's (NASDAQ:SPWR) 100-MW El Pelicano solar project with Chile's Integrated Central System (SIC), the companies said today.
The switchyard is called Don Hector and has capacity to accommodate future projects in the area, according to the statement, which did not specify the size of that additional capacity.
The US solar company is building the solar park in the commune of La Higuera, Coquimbo Region and expects to bring it online by the end of 2017. The project will supply 300 GWh per year the city of Santiago's metro system.
Transelec general manager Andres Kuhlmann said the acquisition represents an investment of USD 17.9 million (EUR 15.1m) and completes a process Transelec has been executing with SunPower that began with the engineering and operation of the switchyard. "It is important for Transelec to have an asset that will enable the transmission of renewable energy and also has substantial growth potential in a region that is at the forefront of solar energy generation in Chile," Kuhlmann added.