Latin American renewables player Verano Energy has commenced construction of eight solar projects in Chile with a total capacity of 59MW.
Verano was selected by EnfraGen subsidiary, Fontus Renewables, to carry out the EPC and O&M contracts, which is the largest third-party EPC contract for Verano.
Fontus develops, owns, and operates renewable power generation in Chile and Latin America.
Its solar PV assets have driven the expansion of its existing renewable energy portfolio and supports Chile’s energy transition to become a regional leader in renewable energy.
The projects will inject under the country’s PMG/PMGD programs which provide automatic access to the grid and a stabilized pricing scheme.
Brendan Wolters, Head of Solar for Fontus Renewables, said: “We are looking forward to our relationship with Verano to successfully complete the construction of these eight projects.
“We selected them as EPC contractor due to their strong experience of building PMG/PMGD projects in Chile.”
Dylan Rudney, CEO of Verano Energy, added: “We have developed considerable in-house experience by building and operating our own projects, and have decided to take advantage of our world class internal team to offer third-party EPC contracts.
“We’re extremely excited about extending our services to build these projects for Fontus.
“The market evidently has a need for experienced EPC services providers to support the growth in renewable energy projects.
“Verano Energy has acquired significant expertise across all aspects of solar project development and is ideally positioned to fill in that gap.”