Independent solar power producer (IPP) Sonnedix has acquired a 160MW solar photovoltaic (PV) project in Chile from Andes Solar, a renewable energy developer and constructor.

The Sonnedix Andino Occidente I project is located in Las Cabras, O’Higgins, and currently in the development stage.

Sonnedix CEO Axel Thiemann said: “This transaction highlights our position as a long-term solar company and social citizen, in line with our growth strategy in Chile and other OECD markets around the world.

“It also demonstrates our commitment to helping Chile achieve its renewable energy targets, as we continue to actively seek new opportunities to develop, own and operate solar PV assets in the country.”

According to the deal, the two companies have agreed to co-develop the solar PV plant.

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.

The construction works on the solar power facility are expected to begin in the fourth quarter of 2023. It will become the third-largest solar PV plant of Sonnedix.

Upon completion, Sonnedix Andino Occidente I is expected to generate nearly 337GWh of clean energy a year while offsetting 140,000mt of carbon emissions.

Andes Solar general manager and CEO Martín Valenzuela said: “We are pleased with this first agreement with SONNEDIX. It allows us to continue contributing to the decarbonisation of Chile and strengthens our Utility Project Development line of business that we have been working on.

“The Andino Occidente I project is one of 5 projects in the central region of Chile completing more than 1GW developed by Andes in the area.”

For this deal, Sonnedix and Andes Solar were respectively advised by Gerrero Olivos and MWLAV Abogados. Financial details of the deal have not been revealed.

Last August, Sonnedix started construction on a 171MWp solar PV plant in the Atacama Desert in Chile.