US asset manager EIG Global Energy Partners ("EIG") has launched a new renewable energy platform in Chile which will now manage its best-known Chilean asset, the 210 MW Cerro Dominador photovoltaic and concentrated solar power (CSP) complex, as well as other plants and projects in the South American country.
The Grupo Cerro platform will also hold the recently acquired hydropower producer Anpac, which owns 11 small and medium-sized hydropower stations in Chile's O'Higgins, El Maule, Bio Bio and La Araucania regions. EIG said Anpac has a 110 MW portfolio of operating power plants and projects in various stages of construction and development in spot and stabilized tariff markets.
Cerro Group has more than 280 MW of installed capacity in Chile, including 100 MW of PV and 110 MW of CSP at Cerro Dominador, Latin America's first CSP plant. EIG added that the new entity also manages the 690 MW Likana solar CSP project, the 600 MW Pampa Union photovoltaic project and more than 40 MW of river hydropower plants.
“These plants, together with the Likana Solar and Pampa Union projects we are currently developing, will help to geographically diversify our renewable energy portfolio to be able to further secure low-cost renewable energy production for the Chilean market, and continue to supply clean electricity across the country 24 hours a day,” commented Fernando Gonzalez, CEO of Grupo Cerro.
