The Spanish company Grenergy said on Monday that it will invest some US $ 142 million (125 million euros) for the sale and construction of 12 photovoltaic power plants in Chile, in partnership with South Korea’s Daelim.
The project calls for a total capacity of 125 megawatts and should be completed by early 2020, Grenergy said in a statement.
“The Chilean market is one of the most dynamic in the world in the field of renewables and one of the strategic markets of Grenergy’s business plan,” said the Spanish company.
The 12 plants, one of which has already started its development stage near Santiago, will be located in the center and north of the country.
The plants will have an individual capacity of 8MWn and 9MWn and will be built directly by Grenergy, using suppliers of ‘Tier 1’ main equipment with which it already has alliances.
The Spanish company has 18 photovoltaic parks built and connected in Chile, accumulating a total of 95 MWs.