Last year, OPIC provided financing to SunEdison to construct one of the largest solar power facilities in the world, a photovoltaic plant in San Andres, Chile. As a mark of its innovation and scope, the project recently received an award from Project Finance International, which named SunEdison’s San Andres facility the Latin American Solar Deal of the Year for 2013.
The San Andres photovoltaic plant, under construction in Chile’s Atacama Desert, will produce over 50 megawatts of electricity once complete, which will make it the largest solar facility in all of Latin America.
“OPIC is excited to support this landmark project which will help Chile take advantage of its solar potential, increase access to energy, and create local jobs,” said Elizabeth Littlefield, OPIC’s President and CEO, upon the agency’s initial commitment of support to the project. PFI’s recent award only adds to OPIC’s pride in taking part.
In recent months, PFI also awarded the OPIC-supported Alto Maipo hydroelectric project in their Best-of 2013 honors, and in an inaugural ceremony held in early March, OPIC presented SunEdison with the first-ever OPIC Impact Award for Renewable Resources, for a photovoltaic solar plant in rural South Africa.