Greenwood to takeoff 80 MW merchant solar project in Chile

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Greenwood Energy is partnering with Pacific Solar to develop an 80 MW solar PV project in the Antofagasta region of Chile.

The construction of the plant is expected to start in the first half of 2015 and could be operational in the first quarter of 2016.

The company may launch a yieldco in 2016 and by 2018 will have another 5GW of capacity built near to this plant.

The single-axis Inti Project will sell electricity into Chile’s spot market as a merchant power plant.

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Image Flickr_

Project Inti will enhance Greenwood’s solar portfolio in Chile and across the Latin American region. Chile’s advanced electricity market is an ideal location for large-scale solar generation.

Greenwood has not yet awarded the module contract to any supplier.

In 2014, Greenwood commissioned a 40 MW solar project in the Atacama region for Enel Green Power and constructed Panama’s first utility-scale solar installation.

The company also plans to develop 250 MW of new commercial rooftop solar in Mexico by 2017.

Chile is projected to be one of the world’s fastest-growing solar markets.

Chile added around 500MW of PV capacity last year and plans to add 975MW this year.

Sabeena Wahid