Here is Where the Sun Shines

April 20, 2014

Here is Where the Sun Shines


The Atacama Desert is among the driest regions on earth, with minimal cloud cover and high levels of solar radiation, making it the ideal place for Chile to harvest solar energy.

To help the country tap into this potential, the IDB and the Canadian Climate Fund for the Private Sector in the Americas are providing long-term financing to build the country’s first large-scale solar power plants. Resources will be used to build two solar photovoltaic power plants with a combined output capacity of 26.5 megawatts peak.

The investment, approved in the first quarter of 2013, represents the biggest step to date to help Chile use solar power to diversify its energy matrix and meet rising demand, which is expected to grow as much as 7 percent annually by 2020. The investment will help Chile advance on its plans to more than double renewable energy generation capacity over the next decade. That´s critical for a country whose generating capacity is 75 percent dependent on imported fuels.

The power plants, which will be named Pozo Almonte and be built by Solarpack Corporación Tecnológica, will supply energy to two of Chile’s largest mining companies. Clean energy generated by the plants will prevent [...]

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