CEME1 Solar PV Park is a 480MW solar PV power project. It is planned in Antofagasta, Chile. The project is currently in financed stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 480 | – | 480 | Financed | Antofagasta, Chile | CEME1 |
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Description
The project is being developed by CEME1. The project is co-owned by Andes Mining and Energy and EDF Renewables, with their respective ownership stake of 50% each.
CEME1 Solar PV Park is a ground-mounted solar project which is planned over 400 hectares.
The project is expected to supply enough clean energy to power 400,000 households, to offset 280,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $980m.
The solar power project consists of 860,000 modules.
Development Status
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.
About CEME1
CEME1 SpA is a renewable energy company.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
