Greenwood Energy is developing and will operate an 80 MW solar photovoltaic project in the Antofagasta region of Chile through a partnership with Pacific Solar SA.
The single-axis Inti Project is located on 190 hectares of public land and will sell electricity into Chile's spot market as a merchant power plant. Construction is expected to start in the first half of this year and could be operational in the first quarter of 2016.
‘Chile's advanced electricity market makes it an ideal location for large-scale solar generation,’ says Camilo Patrignani, CEO of Greenwood Energy. ‘The Inti Project is further proof renewable energy is an economic alternative to fossil fuels, reliably meets fast-growing power demand, and boosts energy independence while cutting emissions across South America.’
Chile is projected to be one of the world's fastest-growing solar markets. Project Inti adds to Greenwood's expanding solar portfolio in Chile and across the Latin American region. In 2014, the company completed a 40 MW solar project in the Atacama region of Chile, constructed Panama's first utility-scale solar installation and announced it would develop 250 MW of new commercial rooftop solar in Mexico by 2017.