First Phase of Repsol, Ibereólica Chilean Solar Project Sees Installation of 76.8 MW

First Phase of Repsol, Ibereólica Chilean Solar Project Sees Installation of 76.8 MW

The first phase of Repsol, Ibereólica Renovables initial joint solar project in Chile is now operational and has begun to provide electricity to the grid.

The said project is a joint venture between Repsol and the Ibereólica Renovables Group.  The Elena photovoltaic plant, a result of the JV, now boasts of 76.8 MW of installed capacity, which will expand to 596 MW upon project completion.

Once the plant is fully operational, the project will produce enough renewable energy to meet the needs of over 554,000 households in Chile. It will curb carbon emissions close to 1.19 million tonnes.

Repsol’s Executive Managing Director of Low Carbon Generation João Paulo Costeira commented, “Our partnership with the Ibereólica Renovables Group, a highly experienced partner with strong renewable energy capabilities, allows us to meet our growth and diversification goals in Chile, a country that offers us great potential for asset development and that will contribute to reaching our goal of 6000 MW in operation by 2025.”

Gregorio Álvarez, Founder and President of the Ibereólica Renovables Group, remarked, “It is a great pleasure to be able to celebrate the start of electricity production from the Elena photovoltaic plant, the result of collaboration with Repsol, a partner that has once again demonstrated its commitment to the decarbonisation of the country and with whom we have managed to lay solid foundations on which to jointly develop a more sustainable future for Chile.”

Apart from its activity in Spain, where it has 1,600 MW of installed capacity in renewables, including wind, photovoltaic solar, and hydro, Repsol already has 62.5 MW in operation in the United States; 179 MW in Chile, through the joint venture with the Ibereólica Renovables Group and 3 MW in Portugal through its participation in the WindFloat Atlantic floating wind farm.