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 an environmental study for two 50-100 MW solar plants to be underway by Q2, 2013.
Verano’s property has 3 different sized transmission lines passing above the site. This creates diverse investment opportunities for different sized projects. Permitting is currently being completed for the first 3 MW project which will be available for investment in March of 2013.