SOLAR PANELS CONTRIBUTE GREEN ENERGY IN CHILE
Vicuña Solar is a 6.8MW solar energy project that will increase the supply of green energy in Chile and reduce CO2 emissions.
In collaboration with ECOSolar, the Danish Climate Investment Fund has invested in a solar energy project at 6.8MW, established in the Coquimbo region in Chile approximately 500 km north of Santiago. The project includes two separate projects, Sol and Luna, that will supply electricity to the national grid.
In Chile there is a shortage of electricity, and it is estimated that the demand will double within the next ten years. At the same time, the Chilean government has decided that the share of renewable energy sources must make up 20 per cent in 2025. Hence the project will contribute to increased supply as well as reduction in CO2 emissions.
A very sunny region
The northern part of Chile has the most hours of sun, which means a higher effect from the solar panels installed, and it is expected that the two plants will produce 14.3GWh a year in total. This corresponds to reducing CO2 emissions by 6,649 tons – approximately the same amount of CO2 pollution as 3,000 cars produce a year.
“Vicuña is a good investment, and we see this new collaboration with the Danish Climate Investment Fund as an opportunity to create more green projects in the future”
Alberto Rabanal, CEO, ECOSolar
Investment of close to DKK 100 million
The total investment in the two solar plants is about DKK 90m, and the Danish Climate Investment Fund owns nearly 50 per cent. The project is operated on commercial terms, and the electricity produced is sold in the Chilean spot market for electricity.
Vicuña is based on state-of-the-art technology, and the two plants each consist of 13,000 modules as well as two transformers and two inverters. The latter is produced by SMA Solar Technology AG, which is partly owned by Danfoss.
– Vicuña is a perfect match with the objective of the Danish Climate Investment Fund, which is to reduce CO2 emissions through investments in commercial climate-related projects in developing countries, said Henrik Jepsen, Investment Director, IFU.