Name and Location
San Andrés solar power plant, Atacama region, Chile.

Client
SunEdison.

Project Description
The project involves the construction of a 50.7 MWp solar power plant to inject energy directly into the Central Interconnected System, which will sell all its production on the spot market.

Once completed, the plant is set to become the largest solar photovoltaic merchant plant in Latin America and one of the largest in the world.

Value
The total cost of the project is estimated at $167-million.

Duration
Interconnection of the plant is expected to take place during the first quarter of 2014.

Latest Developments
SunEdison has closed a $100.4-million nonrecourse debt financing arrangement with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution and the International Finance Corporation (IFC).

The debt proceeds will be used in Chile for the construction of the San Andrés solar power plant.

OPIC is providing $62.9-million in debt, IFC is providing a parallel loan of $37.5-million and Rabobank is providing a local Chilean Peso Vat facility for the equivalent of $25.6-million.

Key Contracts and Suppliers
OPIC, the US government’s development finance institution and the IFC (finance).

On Budget and on Time?
Not stated.

Contact Details for Project Information
SunEdison media, Cristian Loewe, tel +56 2 2924 7800 or email cristian.loewe@b2o.cl.
Overseas Private Investment Corporation, tel +202 336 8400 or email info@opic.gov.
Rabobank, tel + 31 30 216 0000.
International Finance Corporation, tel +1 202 473 3800 or fax +1 202 974 4384.