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Actis Acquires 110-Megawatt Solar Plant in Chile From SunPowerLONDON, and SAN JOSE, Calif., Jan. 25, 2018 /PRNewswire/ -- Actis and SunPower Corp. (NASDAQ:SPWR) announced today that Actis has acquired the 110-megawatt (DC) El Pelicano Solar Plant in Chile, which uses SunPower® Oasis® power plant technology. It is expected to deliver 300 gigawatt hours per year of electricity to Metro de Santiago, Santiago's underground railway system. The project is in the municipality of La Higuera (Coquimbo Region) near Vallenar (Atacama Region), and commenced commercial operation on November 17, 2017. "With a supportive regulatory environment and abundant solar resource, Chile is a market we know extremely well through our investments in the Aela Energía and Atlas Renewables platforms," said Javier Areitio, director at Actis. "We are confident that in partnership with Metro de Santiago and SunPower, the El Pelicano plant will be a terrific illustration of clean, sustainable energy for many years to come." On January 11, Metro de Santiago celebrated completion of the plant with an event at the site, attended by Chilean President Michelle Bachelet and Metro de Santiago President Rodrigo Azocar. Metro de Santiago will buy the power generated by the plant under a power purchase agreement. SunPower is providing operations and maintenance services for the facility under a long-term contract. "Actis is focused on sustainable value, which makes the El Pelicano Solar Plant a great fit for its portfolio," said Chuck Boynton, SunPower chief financial officer. "High performance SunPower Oasis technology is designed to cost-effectively maximize power generation for decades. Forward-looking organizations like Actis and Metro de Santiago are a global model for the development of solar power, reducing reliance on unsustainable energy sources." The SunPower Oasis system is a fully-integrated, modular solar power block that is engineered for rapid deployment and optimizing land use. The high-efficiency SunPower solar panels installed at the site will be cleaned using SunPower's proprietary robotic solar panel cleaning technology, which uses 75 percent less water than traditional cleaning methods and can help improve system performanceby up to 15 percent. Worldwide, more than 4.6 gigawatts of solar power plants operate today using SunPower's leading solar technology. About Actis In the power sector, Actis has committed US$5 billion to 33 energy infrastructure companies across 25+ countries generating 18 gigawatts of energy capacity and directly impacted 80 million consumers. Actis' investments in Chile include 1.2GW Pan-Latin American renewable energy platform, Atlas Renewable Energy and Chilean renewable platform Aela Energía which is targeting 330 megawatts of installed capacity. Actis is a signatory to the United Nations backed Principles for Responsible Investment (PRI). Actis was awarded an A+, the highest grade attainable, in the PRI's latest assessment. About SunPower SunPower's Forward-Looking Statements ©2018 SunPower Corporation. All Rights Reserved. SUNPOWER, the SUNPOWER logo, and OASIS are registered trademarks of SunPower Corporation in the U.S. and other countries as well.
View original content:http://www.prnewswire.com/news-releases/actis-acquires-110-megawatt-solar-plant-in-chile-from-sunpower-300588115.html SOURCE SunPower Corp. |