Construction News

Fri April 19 2024

Related Information

Motts helps $104m Chilean solar plant reach financial close

12 Feb 15 The US$104m (£68m) San Pedro III solar photovoltaic plant in Chile has reached financial close, with Mott MacDonald acting as lender’s technical advisor during the project’s financing.

Mott MacDonald is now monitoring construction of the plant, which is part of a major programme by Rijin Capital Chile to deliver 150MW of photovoltaic power in the area. The 55MW facility will be built in two phases and generate approximately 150GWh a year once connected to the grid.

Mott MacDonald provided technical due diligence to the project’s lender, including a review of the suite of contracts and the generation forecast analysis.

Simone Mandica, Mott MacDonald’s project manager, said: “We are pleased that this important stage of the scheme has been achieved and look forward to continuing to support the project while construction is completed and during the commissioning and start-up of the plant.”

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »