Actis Acquires El Pelicano Solar Plant (Latin America)

Source(s): SunPower

Growth markets investor Actis has acquired the 110-megawatt El Pelicano Solar Plant in Chile. The plant, which commenced operation in November 2017, is expected to deliver 300 gigawatt hours per year of electricity to Metro de Santiago, Santiago’s underground railway system. Metro de Santiago will buy the power generated by the plant under a power purchase agreement while global renewable energy project developer and operator SunPower will provide operations and maintenance services to the facility. Financial details of the transaction were not disclosed.