Building Energy Andes, a joint venture between Building Energy and the Scotta Group, has gone live with its second photovoltaic installation in Chile, this time in Villa Prat, in the Maule Region.
The environmental impact statement for the new 9 MW solar plant in Punitaqui has also been approved, allowing it to be built in 2019.
This new project will take investment by Building Energy Andes over the 40 million dollar mark for the 2017-2020 period, with 6 projects for energy from renewable sources and total rated capacity of 37 MW.
Santiago de Chile, 8 August 2018 - Building Energy, multinational company operating as a global integrated IPP in the Renewable Energy Industry, has announced that the second solar plant in Chile (Villa Prat, 3MW capacity) has been connected to the grid and that it has received the go-ahead for another photovoltaic plant.
The new plant will be built by Building Energy Andes SpA, a joint venture with the Scotta Group, an Italian firm that specialises in the design, creation and installation of hydroelectric power stations and industrial automation. The project, located in Punitaqui, in Chile's IV Region, has recently received environmental approval. The plant will have a rated capacity of 9MW and will require about 12 million dollars of investment. The approval from the Coquimbo Region's Assessment Commission was granted unanimously.
This new project adds to the approximately 30 million dollars already envisaged in Building Energy Andes's 2017-2020 investment plan for the construction of 4 further photovoltaic plants and a mini-hydroelectric power station.
The programme already boasts two 3MW photovoltaic installations that are up and running, in Peralillo and Villa Prat in the VII Region, with construction underway on two further solar parks, Alto Solar (3MW) and Queule (8MW) in the VI Region.
Additionally, building work for the mini 3MW power station at La Confianza, in the VIII Region, is about to begin and will require forecast investment of 5.8 million dollars.
Building Energy Andes is funding these projects using Chile's Security bank.
BUILDING ENERGY
Building Energy is a multinational company operating as a Global Integrated IPP in the Renewable Energy Industry on four continents. The Company is vertically integrated on the value chain, from the development of projects to the sale of energy. With a pipeline in 20 countries with over 2,600 MW and generative assets being built over the next two years for more than 700MW, the Company is positioned to be one of the major players on the international scene in the renewable energy field. For further information, visit the site www.buildingenergy.it.
