Enertis Applus+, a quality control firm, recently agreed to provide technical consulting services for a 386 MW solar PV portfolio. The portfolio is owned by the Spanish renewable energy company Grenergy Renovables in Chile and Peru.
The 241 MWp Gran Teno and 48 MWp Tamango plants are part of the portfolio. These two plants are both situated in Chile’s Maule region. The 97 MWp Matarani project is located in Peru’s Arequipa department in the south.
During the plant’s construction and commissioning, as well as stages of commissioning, Enertis Applus+ will provide assistance. Also, for every installation, it prepared a technical due diligence report. This report assessed the facility’s site characteristics, design, and main equipment, as well as expected energy output, relevant permits, and grid connection.
Enertis Applus+ will review the power purchase agreement (PPA) for the sale of energy and capital expenditures (CapEx). Additionally, they will look into the engineering, procurement, construction (EPC), and operation and maintenance (O&M) contracts.
The two solar PV projects’ financing
Two solar PV projects in Chile, with a combined capacity of over 300 MW, are under construction by Grenergy. These projects are receiving green financing from French banks BNP Paribas and also Societe Generale, totalling US$148 million in support.
The team at Enertis Applus+, led by Aitor Ilundain, the country manager for Chile and regional manager for LATAM South, is thankful to BNP Paribas and Societe Generale. They have also placed their confidence in them to ensure the proper development of the cross border PV portfolio in Chile and Peru. This is made up of the entire process from the financing phase to the operation phase.
According to him, the collaboration enables Enertis Applus+ to keep strengthening its presence in a crucial region for the PV industry’s future.
Eleven months ago, Grenergy Renovables SL (BME: GRE) announced the signing of two power purchase agreements (PPAs). These agreements were made to supply a utility in Chile with around 240 GWh of solar energy per year.
Grenergy stated in a bourse document that the contractual amount will be produced by the 240-MWp Gran Teno and the 48-MWp Tamango solar farms. These solar farms are currently under construction in central Chile.