News / Solarpack wins Chilean solar project with world’s lowest bid

Solarpack wins Chilean solar project with world’s lowest bid

🕔 August 23, 2016
Financial close for US$200 million wind farm in Tasmania

Spanish developer Solarpack has announced that it has won the tender to develop a photo-voltaic (PV) solar project in Chile through a new world record-low PV price of US$29.10/MWh.

The contract for the supply of 280 GWh annually was awarded last week in the Supply Tender 2015/01, latest Chile’s power supply auction. Chile’s power supply auction saw developers winning contracts to provide 12.4TWh of power per year. The average price was US$47.60/MWh.

The awarded price of 29.1 US$/MWh represents a new record, as being the lowest price awarded to a solar park in history, at a global level. The previous record was established at 29.9 US$/MWh, awarded to a solar park in Dubai. 

To reach 280 GWh annually, Solarpack, through its subsidiary Maria Elena Solar S.A, will construct the photovoltaic solar park “Granja Solar” of 120 MWp that is expected to enter commercial operation in 2019.

Pablo Burgos, CEO of Solarpack,stated:

“This tender, in addition to reaffirming the commitment of Solarpack with Chile, also demonstrates the competitiveness of Solarpack and solar energy at offering the best price among the bidding companies.” 

Solarpack already counts with four photovoltaic solar parks in operation in Chile: Calama Solar, the first solar industrial park in South America and the first in the world without subsidy, with a total installed power of 1,1 MWp; Pozo Almonte Solar 2 & 3, that with a joint power of 25 MW produces 13% of the energy consumption of the Mining Companying Doña Inés de Collahuasi; and Pozo Almonte Solar 1 that counts with 10,5 MWp and is connected to the Sistema Interconectado del Norte Grande (SING). Furthermore, Solarpack is currently building two solar parks in Chile, Calama Solar 1 and Puerto Seco Solar, both located in Calama.

In addition to Chile, Solarpack manages a portfolio of projects in Spain, Peru, India, Malaysia, and South Africa. The company has also commissioned projects of 62 MWp in Peru, 26 MWp in Uruguay and 34,6 MWp in Spain.



League Tables

IPP Journal accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form

Newsletter

Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.


Africa PPP 2018
Latin America & Caribbean Gas
Regional Energy

Follow us on Twitter

Infrastructure & PPP news

InfraPPP World