Solek Group, through its Chilean subsidiary Solek Latam, has signed a framework agreement to develop, build and sell solar projects in Chile to BlackRock’s Global Renewable Power Fund III (GRP III).
The deal enables Solek Group to develop up to 28 individual photovoltaic power plant projects with an aggregate capacity of up to 200MW.
As part of this transaction, Solek will also oversee the operation and maintenance services for the projects.
Aediles Capital will oversee asset management on behalf of BlackRock Global Renewable Power Fund III.
Solek Group founder and chief executive Zdeněk Sobotka said: “BlackRock is a leading investor in renewable power globally, which means we are entering into a relationship with a stable and renowned partner who will create a long-term outlet for our services.
“This is an important strategic step towards establishing cooperation with leading infrastructure investors, who are key to the further growth of Solek Group, not only in Chile but also in other countries.”
Each project will be constructed and connected under the Chile’s PMGD/PMG (distributed generation projects) programme, which is one of the pillars of the country’s strategy to become carbon neutral by 2050.
Solar power plant projects with a total installed capacity of 90.5MW are already under preparation phase of construction.
These projects also serve regions with high demand for electricity due to growing populations and a developed mining industry.
Aediles Capital partner David Orellana said: “We look forward to working closely with Solek experienced and active team in Chile.
“Large investors of this type can fully appreciate the long-term and stable return on energy investments.”