Cerro Dominador was distinguished by Project Finance International for its financing
January 11th., 2019. Cerro Dominador has been distinguished by Project Finance International as the Best Renewable Energy Financing in the Americas.
The financing of the first thermal solar plant in Latin America for an amount exceeding USD 800 million was signed last may by a group of international and local financial institutions, including Natixis, Deutsche Bank, Société Générale, ABN AMRO, Santander, Commerzbank, Helaba, Brookfield, KB Insurance, KfW-IPEX, Kyobo and BTG Pactual.
The awards ceremony will take place in London in February. This recognition comes in addition to those received in October of last year as Best Renewable Energy Financing and Best Infrastructure Financing – Andes Region.
“We are very proud of this new award. Our innovative project will have a key role in the Chilean energy transition by delivering manageable solar energy 24 hours a day” explained Fernando Gonzalez, CEO of Cerro Dominador.
The concentrated solar plant will provide 110 MW of power, in addition to the 100 MW provided by the already commissioned photovoltaic plant. Cerro Dominador is one of the main energy investment initiatives currently underway in Chile.
It is worth mentioning that the CSP plant, which has 17.5 hours of thermal storage capacity, will provide electricity 24 hours a day, making this project relevant among the Renewable Energy initiatives contributing to the transition in the country’s energy matrix.