Chile-based renewables developer Verano Energy, formerly Verano Capital, has obtained several key permits in preparation for the construction of a 100-MW solar power project in Peru.
The firm secured the environmental approval, a certificate that shows that there are no archaeological remains at the project site and the so-called pre-operability study, or EPO, related to the grid connection.
"We are very happy because this is the first environmental impact approval we have in Peru. Now we are working on the last minor permits and in the search for a PPA (Power Purchase Agreement) to begin the construction of the project," said Verano Energy CEO Dylan Rudney in a LinkedIn post.
The solar farm will be located in the city of Majes in Peru’s department of Arequipa. According to a press release distributed to Spanish language media, the project will be divided in two 50-MW phases. Construction is expected to commence in 2024, and the first phase solar farm could start operating by mid-2025, the media reported.
Yinson Renewables, part of Malaysian energy infrastructure company Yinson Holdings Bhd (KLSE:YINSON), is said to be an investment partner on this project. Verano Energy, then known as Verano Capital, struck an agreement with Yinson in 2021 to work on some 800 MW of solar projects in Latin America. Peru, Colombia and Chile were their chosen markets at the time.
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