Abengoa to Develop South America's Largest Solar-Thermal Plant in Chile

Abengoa was selected by the Ministry of Energy of the Chilean Government and Corfo (Corporacion de Fomento de la Produccion) to develop a $1 billion, 110-MW solar plant using tower technology with 17.5 hours of thermal energy storage using molten salts. The project will be located in the Atacama Desert and will be the first solar-thermal plant for direct electricity production in South America. Construction is due to start in the second half of 2014.