Ibereolica Renovables Solar PV Park is a 500MW solar PV power project. It is planned in Antofagasta, Chile. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 500 | – | 500 | Permitting | Antofagasta, Chile | Grupo Ibereolica Renovables |
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Description
The project is being developed and currently owned by Grupo Ibereolica Renovables.
Ibereolica Renovables Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $532m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
About Grupo Ibereolica Renovables
Grupo Ibereolica Renovables (Ibereolica) is a renewable energy company that generates and distributes electricity. The company generates energy from renewable sources such as solar, hydro and wind; and nuclear sources. It uses solar thermal and photovoltaic technology to produce renewable solar energy. Ibereolica also provides engineering and maintenance services. The company conducts research and development on new technologies for improving the resource utilization to produce renewable energy. It has operations in Chile, Peru and Brazil. Ibereolica is headquartered in Madrid, Spain.
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.
