Total, Etrion plan big photovoltaic power project in Chile

26 September 2013 14:24  [Source: ICIS news]

LONDON (ICIS)--French energy and chemicals major Total and Swiss independent power firm Etrion are planning to build a 70 megawatt-peak photovoltaic power plant in Chile’s Atacama region, Total said on Thursday.

Total said that the $200m (€148m) plant would be “the world’s largest solar power project based on spot market electricity revenues.”

Construction is due to start in the fourth quarter of 2013, and "Project Salvador" is expected to be operational by the first quarter of 2015. Construction will be carried out by Total's US-based SunPower affiliate.

“This merchant project confirms that solar energy is becoming competitive with other conventional energy sources,” said Philippe Boisseau, a member of the Executive committee of Total.

“Solar power is a compelling proposition in Chile due to the amount of solar irradiation received every day in the [Atacama]region,” Boisseau said.

Chile’s high electricity prices, large energy demand, and low construction costs meant that solar energy would be able to compete with the country's traditional sources of electricity without government subsides, he added.

($1 = €0.74)

By: Stefan Baumgarten
+1 713 525 2653

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