Sonnedix buys two PV projects in Chile from Canadian Solar and Imelsa

29 January 2019 (Last Updated January 29th, 2019 12:25)

Sonnedix has acquired two photovoltaic (PV) portfolios with a total capacity of 32MWp in Chile from Canadian Solar and Imelsa. 

Sonnedix buys two PV projects in Chile from Canadian Solar and Imelsa
The first portfolio acquired from Canadian Solar comprises two PMGD projects with a total capacity of 18MWp. Credit: Sonnedix.

Sonnedix has acquired two photovoltaic (PV) portfolios with a total capacity of 32MWp in Chile from Canadian Solar and Imelsa.

Ranging in size from 3MW to 9MW, the projects are being developed under the country’s PMGD Programme for distributed generation.

The first PV portfolio acquired from Canadian Solar comprises two PMGD projects with a total capacity of 18MWp in Maule and O’Higgins regions.

Grenergy has received the notice to proceed (NTP) for construction from Sonnedix.

The second portfolio also consists of two 14MWp PMGD projects purchased from Imelsa. They are in the communes of La Serena and Vicuña, with construction expected to start in the first quarter of this year.

All four projects are expected to reach commercial operation in the third quarter of this year.

“We are planning to invest $350m over the next three years on projects that will help achieve key strategic goals for the country’s power system.”

As part of the PMGD programme, the projects are eligible for the stabilised price regime calculated by the Chilean National Energy Commission (CNE).

With the latest acquisitions, Sonnedix’s controlled capacity will increase to 347MW in Chile.

Sonnedix CEO Axel Thiemann said: “Sonnedix sees considerable growth opportunities in Chile market, with its long-term commitment to renewables and stable regulatory environment.

“We are planning to invest $350m over the next three years on projects that will help achieve key strategic goals for the country’s power system.”

Earlier this month, Sonnedix acquired a portfolio of 28 solar PV plants with a combined capacity of 53MW from Italian energy company Graziella Green Power. The company signed a preliminary sale and purchase agreement for this in December last year.

In July last year, Sonnedix acquired a 138MW Meseta de Los Andes project in Chile to expand its renewable portfolio.