AES Andes’ Cristales solar project is set to begin construction in the fourth quarter of 2024. (Image Credit: AES Andes)
AES Andes secures environmental approval for Cristales PV project
AES Andes has received environmental approval for the Cristales photovoltaic project, which will provide up to 340 MW of solar energy and up to 542 MW for 5 hours from its battery storage system. The project is located in the commune of Antofagasta, Chile, approximately 220 km east of the regional capital. With an investment of up to $710 million, this project also includes the construction of an electrical substation (Cristales S/E) and a 220 kV high-voltage transmission line to evacuate the generated energy. The project’s construction is expected to start in Q4 2024, with commercial operation targeted for 2028.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)