Innergex Renewable Energy buys 68MW solar farm in ChileChristian Fernsby ▼ | May 20, 2020
Innergex Renewable Energy has acquired a 68MW photovoltaic solar farm in Northern Chile.
Chile Innergex Renewable Energy
Topics: Innergex Chile
The renewable asset is estimated to generate an 11% rate of return on investment, over the next ten years and additionally create up to $8 million (£6.5m) in earnings before tax deductions in 2021.
The project, which will be commissioned in 2014, provides its total output to Chile’s central power grid.
The project’s net purchase price is of $66.1 million (£54m), which includes 11 demand-based Purchase Power Agreements for a total electricity generation of 54.6GWh annually. ■