The VeCaSo-1 100 MW project is set to be completed in 2019 and will run on a 20-year “take-or-pay” power purchase agreement. Within this PPA framework, the generator takes on the production risk, with its plant expected to deliver power on a must-run basis. CAMMESA, Argentina’s national utility company, on the other hand, must integrate
The winning bid was offered by a solar project which will be coupled with wind projects to offer a 24/7 supply over a 20-year period. Dylan Rudney, CEO of Verano Capital, who originally designed and developed the solar project before partnering with the fund who eventually took the project to bid, expressed his satisfaction with
The market for large-scale photovoltaic solar projects in Chile has largely cooled off, at least for the moment. A glut of installed PV capacity in the Atacama desert, combined with tepid projections for power demand growth, have created an ultra-competitive buyer’s market in which long-term PPAs – now considered the only viable option for financing
Verano Capital is pleased to announce that Homero and Santuario Solar plants are under construction near the city of Mostazal in Chile’s Sixth Region, and in Los Andes in the Fifth Region, respectively. The plants will have an installed capacity of 3.4MW each with an estimated investment of $3.8MM, each and will supply electricity to
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