Pattern Energy Group completed approximately $205 million in project financing and the start of construction on its Conejo Solar PV power project in Chile. The 122-MW Conejo Solar PV power project is being constructed approximately 30 kilometers east of Taltal in Chile's Atacama Desert. Construction of the project is expected to be completed in the summer of 2016. Conejo Solar has a 22-year PPA with Minera Los Pelambres, an affiliate of Antofagasta Minerals, for approximately 65% of the project's output over the term of the agreement.
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.