Industry News
Cleantech Ventures Launches Candelaria Solar Park in Chile
19 October 2020
Cleantech Ventures, Israeli venture capital fund, with support of Chilean state development agency CORFO, and Greenvestment’s administration, opened a 3-MW Candelaria solar photovoltaic (PV) park in Chile. The project will generate up to 9MW.
(Renewable Now) An Israeli venture capital fund last week inaugurated its 3-MW Candelaria solar photovoltaic (PV) park in Chile’s O’Higgins region.
The plant will operate under the PMGD regime, Chile’s special scheme designed for distributed generation projects of up to 9 MW. As the PMGD project, Candelaria is entitled to remuneration at a regulated stabilised price.
Israel Cleantech Ventures realised the project with support from Chilean state development agency Corfo and administered by Greenvestment SA.
The public-private investment represents the first renewable energy project in operation for the Israeli fund, the Chilean energy ministry said.