Solek Latam Holding, a Chilean subsidiary of the Czech renewable energy business Solek Group, has signed a framework agreement to construct solar projects in Chile. The solar projects will be created and then sold to BlackRock’s Global Renewable Power Fund III (GRP III) under the terms of the agreement. Solek will manage the projects’ operations and maintenance, while Aediles Capital will manage the assets on behalf of GRP III.
Solek is expected to build up to 28 solar power projects with a total capacity of up to 200 MW under the terms of the agreement. Currently, 90.5MW of installed capacity is being planned for construction. Under Chile’s PMGD/PMG distributed generation projects initiative, all projects will be developed and connected. They will assist the government to reach its objective of becoming carbon-neutral by 2050 by meeting rising power demand.
Solek Holding, based in Prague, has constructed power plants in four countries in Europe and South America to date. In collaboration with PV Power Chile, the company proposes to develop the 96 MW Leyda Solar PV Park in Valparaiso, Chile. The ground-mounted solar installation is currently under permitting stage and is expected to be operational in March 2022.
REGlobal’s Views: The Chile renewable energy market with its high untapped potential and enabling renewable energy policies is quite attractive for medium to large renewable energy developers from across the world.
