Akuo and Atlantica to build nine PV power plants in Chile

Akuo and Atlantica Sustainable Infrastructure have kicked off construction of the nine photovoltaic power plants with a total capacity of 80MW in Chile.

The duo closed the financing and started the construction of a portfolio.

The PV plants will be located in the Regions of Maule (VII), Ñuble (XVI), Araucanía (IX) and Biobío (VIII), in the south of Santiago de Chile.

According to a local report, Akuo and Atlantica Sustainable Infrastructure are the equity sponsors whereby the debt financing is provided by DNB, while Maire Group will do the construction activities.

Martin Bocage, Akuo Country Manager for Chile, Argentina and Uruguay, was quoted in a statement, “Akuo is a committed stakeholder to Chile’s energy transition and we stick to our words. Construction is ongoing and we will soon inject electricity for the benefit of the citizens. Chile’s renewable energy strategy encourages us to continue growing and investing in this country.”

Meanwhile, Antonio Merino, VP South America at Atlantica, remarked, “This investment increases Atlantica’s presence in Chile as we continue executing on our growth plan in renewables. The portfolio is fully aligned with our long-term strategy and GHG emissions reduction targets.

In South America, Chile has been able to attract new investments and plan for transition towards a clean energy mix.