News

$25.38/MWh bid sets new record low for 24/7 block mixing wind and solar at Chile Tender

November 17, 2017

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

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Small-scale solar heating up in Chile

August 4, 2017

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

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Verano Capital has Two New Solar Plants Under Construction

June 6, 2017

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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Verano Capital Sponsors Another Make-A-Wish Event

May 24, 2017

After the great success of fulfilling Cristián’s dream last year, Verano Capital and Make-A-Wish Foundation of Chile decided to join forces for another event. This time it was for Nicholás, who lived the magic of the world of Harry Potter. Lymphoblastic leukemia doesn’t allow him to continue with his daily routine, but on Saturday April

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Verano Capital Sponsors Make-A-Wish Event

March 30, 2016

Verano Capital and Make-A-Wish Foundation of Chile joined forces to make 4-year-old Cristián Albornoz’s wish come true. On Saturday, March 19th, Cristián was given a hologram concert of Michael Jackson and received gifts. He was then surprised with a private concert from a real Michael Jackson impersonator. Verano plans on continuing to support Make-A-Wish for

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Verano Capital ingresa a tramitación cuatro plantas solares

March 7, 2016

Verano Capital ingresa a tramitación cuatro plantas solares La compañía está apostando fuerte por la instalación de proyectos fotovoltaicos cerca de Santiago. Antonia Eyzaguirre Economía y Negocios El Mercurio Cuatro proyectos solares que suman una inversión de US$ 212 millones y una capacidad de 107,9 MW ingresó recientemente Verano Capital al Sistema de Evaluación Ambiental.

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Verano is interviewed by El Mercurio

August 24, 2015

Verano Capital prevé instalar 400 MW de energía solar e invertir en minihidro El plan es a cinco años, y la empresa ya ha desarrollado proyectos por 156 MW La compañía ha apostado por impulsar proyectos cerca de Santiago , pues la proximidad con los centros de consumo disminuye el riesgo de la inversión y

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Verano’s sale of a 47MW project reaches the press again

August 25, 2014

Chile’s renewable energy developer Verano Capital sold its 40MW Punta del Viento photovoltaic solar project in Chile to Fotowatio Renewable Ventures (FRV).The companies will co-develop the project, which is located about 500m from the Punta Colorada substation in Coquimbo region (IV), Verano managing partner Dylan Rudney told BNamericas. Read the full article here: Verano sells

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Forecasted drop in Spot Prices no concern for Verano Capital

March 14, 2014

Chilean energy consultancy Systep’s latest report claims that spot prices are forecasted to drop due to the magnitude of renewable energy projects in the pipeline and mining development delays. Read the developers take on the situation, including our very own Managing Partner, Dylan Rudney. Reports by BN Americas included in both English and Spanish below.

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Verano Capital announces construction of first solar plant

January 6, 2014

Verano Capital is pleased to announce its first solar plant will be constructed in valle del Elqui in Chile. The plant will have installed capacity of 2.9MW requiring 11,000 solar panels with a $5.8MM investment. The plant is projected to be connected to and providing energy to the grid by July 2014. For more information

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Verano Capital submits environmental study for a 46.8MW solar park

January 3, 2014

Verano Capital is excited to announce the submission of the environmental study for a 46.8 MW solar park in Punta Colorada. The construction cost for this park is $96mm USD. For more details about the park and study, please see link below: http://seia.sea.gob.cl/expediente/ficha/fichaPrincipal.php?modo=ficha&id_expediente=2128952303

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BN Americas interviews President of Verano Capital, Dylan Rudney

April 23, 2013

In a recent interview with BN Americas, Dylan Rudney explains the attractiveness of the solar industry in Chile, and Verano’s current operations in the country. Mr. Rudney states “Chile is the most stable, fastest growing economy, but more than anything it’s the energy matrix. Chile is like an island, and there is no gas and

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Verano gains momentum through continued coverage in the Chilean press

April 23, 2013

A recent article in Diario El Día, highlights Verano’s work in El Valle del Elquí, following the previous article in the press. The article states that Verano will develop 9 MW in the region which will include 29,800 photovoltaic panels. Verano is also developing another 3 MW site in Punta Colorado. For more information about

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Verano Capital makes the news with 9 MW in the Northern SIC

April 8, 2013

Verano Capital makes the news with 9 MW in the Northern SIC. The three sites will inject clean energy into the national grid. “Vicuña, for us, is a solar paradise, a real discovery, it is a perfect place to do this kind of project. Our studies conclude that this is a ideal location to develop

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Verano Capital Acquires 1,000 Hectare Solar Site in Northern Chile

February 27, 2013

Verano Capital is expanding its portfolio with the recent acquisition of a 1,000 hectare site. This site is located in the northern section of the SIC electricity grid, and Verano holds the mining rights for over 550 hectares of the site. The new terrain boasts some of the highest solar radiation in Chile. Verano expects

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Foreign Investment in Chile Soars in 2012

February 20, 2013

Chile experienced record breaking Foreign Direct Investment (FDI) in 2012. The substantial US$26.4 billion inflow in 2012, shows that Chile remains one of international investor’s favorite locations in Latin America. This figure represents a 52.7 percent increase over 2011, and places Chile at number 7 for highest FDI growth rate in the world, and the

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Renewable Energy output in Chile grows by 75%

December 4, 2012

Energy generated from Non-Conventional Renewables  in Chile increased 75% over 2011, according the Acerca, the countries renewable energies association. The association’s 2013 work plan will focus on reducing barriers to entry for renewables in the country. http://bit.ly/V9722o

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Emerging Markets Hold Future Stability of Solar Industry

November 28, 2012

The stability of the PV industry is moving away from established markets, such as Europe and refocusing on emerging markets. A 26% increase in power demand by 2017 is created demand for solar development activity in Latin America. http://bit.ly/UXvoLF

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Value of Renewable Energy increasing Worldwide

November 17, 2012

The International Energy Agency predicts that  by 2035, almost one-third of energy generated in the world will via renewable power. The recently released 2012 World Energy Outlook also states that this will help countries cut carbon emissions, cut down on imports and reduce use of water resources, alongside much more. http://bit.ly/RzCUf7

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Developing Nations look to Alternative Energy as a Solution to High Costs

November 15, 2012

Developing nations are looking to curb cots of traditional power generating by turning to renewables. A decrease in costs of alternative power has helped boost the move towards renewable energy. http://bit.ly/UD4b4G

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Mining Boom in Chile increases demand for Energy

November 14, 2012

The Mining Boom in Chile will continue to expand the electricity market.  To sustain the growth of the electricity market, current and future players will need to turn to renewables to help satisfy the demand. Frost and Sullivan Industry Analyst Martin Cataife notes, “Power utilities will succeed in expanding the electricity market by investing in renewable

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Faith and Financing

November 5, 2012

Recent article in PV planner discusses the involvement of the local community, the hesitance of local banks to jump on board with financing solar projects, and the great value of sunlight in Northern region of Chile.   http://bit.ly/RE8722

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Chilean Renewables to be Competitive with Conventional Energy by 2020

October 30, 2012

Central Energía recently released a study stating that Chilean solar energy is projected to be  cost-competitive pricing with conventional energy by 2020. “The main conclusion to draw from this research is that Chile’s traditional energy sources are not necessarily the most secure or most affordable options for the future,” states Central Energía. http://bit.ly/RmNEeB

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Chile has some of World’s highest Solar Radiation

October 2, 2012

The Ministry of Energy found the Atacama Desert in Chile to have the highest concentration of solar radiation in the world. http://bit.ly/O21RQV

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