Blue Elephant Power buys 44 MW photo voltaic undertaking bundle in Chile

March 25 (Renewables Now) – German photo voltaic and wind farm operator Blue Elephant Power AG stated right this moment that it has inked the acquisition of 4 photo voltaic initiatives with a mixed capability of 44 MW in Chile, boosting its complete portfolio within the nation to 161 MW.

The portfolio consists of two initiatives totalling 20 MW that had been acquired from Finnish funding firm Korkia and MoonValley Capital and two different initiatives of a mixed 24 MW from native developer oEnergy Generacion Photo voltaic Distribuida SpA.

The 4 photo voltaic crops will probably be situated within the areas of Valparaíso, Metropolitana de Santiago, Libertador Common Bernardo O’Higgins, Maule and Biobio the place the Hamburg-based operator already has a portfolio of 117 MW.

The initiatives are in a ready-to-build stage and will probably be carried out by a three way partnership with oEnergy. All 4 crops ought to log on by the top of this yr.

“We see nice potential in Chile to drive renewable vitality initiatives supporting the continent on its path to carbon neutrality. With this undertaking we will additional contribute to our overarching dedication in the direction of a greener future,” stated Blue Elephant Power’s chief funding officer Tim Kallas.

Blue Elephant Power and oEnergy have already partnered on photo voltaic initiatives in Chile. Firstly of 2021, the 2 corporations agreed to arrange a three way partnership to develop, construct and function 119.5 MWp of small-scale photo voltaic farms within the nation.

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