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.
Pattern Energy Group’s (Pattern Development or the Company) Conejo Solar photovoltaic power project in Chile has secured a 22-year PPA with an affiliate of Antofagasta Minerals SA. The 104-MW Conejo Solar project was originated by Pattern Development and upon completion will be the largest solar energy project in Chile with a PPA. Conejo Solar will connect to the Sistema Interconectado Central's (SIC) 220kV transmission system and is located on public lands owned by the government of Chile with a long-term concession.