SolarReserve has received environmental approval from the Government of Chile to build a 450MW baseload solar facility in the country.

To be built in the Tarapacá region, the Tamarugal Solar Project will use the company’s solar thermal energy storage technology and comprise three 150MW solar thermal towers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

With 5.8GWh of total energy storage capacity, the facility will operate at an availability percentage equal to that of a coal fired power plant.

SolarReserve's development senior vice-president Tom Georgis said: “SolarReserve’s proven technology is able to provide non-intermittent electricity from solar energy 24-hours a day, without requiring any fossil fuel.

"SolarReserve’s proven technology is able to provide non-intermittent electricity from solar energy 24 hours a day."

“The Tamarugal project will help stabilise and lower electricity costs for Chilean families and businesses, while ensuring energy security for the country.”

The company plans to bid energy and associated capacity from Tamarugal and other projects in Chile into the upcoming international public auction for 24-hour energy supply issued by the country’s power distribution companies every year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As part of the development and permitting process for the project, SolarReserve will partner with stakeholders and local communities to ensure minimal environmental impact. The process will involve careful site selection, low water-use systems, and conducting environmental studies before construction begins.

Prior to securing the environmental permit, the project underwent assessments under the Chilean Impact Assessment System, administered by the Environmental Evaluation Service.

Image: Rendering of SolarReserve's 450MW concentrating solarpower (CSP) Tamarugal Solar Project with 5.8GWh of energy storage. Photo: courtesy of Business Wire.