InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

EIG chooses Chile for a new renewable energy platform

InvestChile - July,5,2022

The firm has announced the creation of Grupo Cerro, which includes Latin America’s largest solar power plant and 11 other hydroelectric power plants bought from ANPAC Energy.

CERRO DOMINADOR

The American company EIG Global Energy Partners has announced the creation of Grupo Cerro, a large new renewable energy platform in Chile, which includes Cerro Dominador, Latin America’s largest solar power plant and 11 other small- and medium-sized hydroelectric power plants recently acquired from the Chilean company, ANPAC Energy.

ANPAC’s 110MW portfolio includes operational plants as well as projects at various stages of construction and development, both in the spot market as well as in the fixed-rate market, in the O’Higgins, Maule, Bio Bio and Araucanía regions. Thanks to this acquisition, Grupo Cerro now manages more than 280MW of Chile’s installed capacity, including the photovoltaic (PV) Concentrated Solar Power (CSP) plants at Cerro Dominador and possesses a development portfolio of 1.3GW.

“This purchase marks another important milestone in our strategy of investing in high-quality assets, state-of-the-art equipment and energy infrastructure to support the energy transition in Chile,” said R. Blair Thomas, Chief Executive Officer of EIG.

Fernando González, CEO of Grupo Cerro, said that the creation of the platform solidified the company’s commitment to Chile’s growth. These plants, together with our projects under development, Likana Solar and Pampa Unión, will allow us to geographically diversify our renewable energy portfolio in order to further ensure the production of low-cost renewable energy for the Chilean market and continue providing clean energy throughout the country, 24-hours a day”, said González.

The group’s portfolio, supported by InvestChile, also includes various projects in advanced phases of construction and development, including the Likana Solar complex, one of the world’s largest CSP projects with a capacity of 690MW, Pampa Unión, a 600MW-photovoltaic power plant, as well more than 40MW worth of run-of-the-river hydroelectric plants.

To find out more about the advantages that Chile offers in the development of solar or wind farms, please read the following article. 

New call-to-action

Topics: Energy

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

Previous Post

Geolith brings to Chile technology for sustainable lithium extraction

Next Post

Five key questions to understand the tax reform in Chile

NEWSLETTER

Subscribe To Our Newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You Can Also Subscribe Here To Our Monthly Investment Review Newsletter

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More