Distributed Solar Portfolio

CC&L Infrastructure, in partnership with CarbonFree Technology, has acquired and constructed a leading institutional-scale solar portfolio in Chile, representing 36 ground mount projects capable of generating more than 200 MW of clean energy – enough power to meet the needs of more than 36,000 homes each year.

Each project within the portfolio is strategically located within a defined radius of Santiago, Chile’s main energy load center, and sells its power at a stabilized price under the Pequeños Medios de Generación Distribuidos (PMGD) program.

Investment Highlights

Initial Investment Date

  • August 2017

Location

  • Portfolio largely located near Santiago and centred around major energy demand centres in Chile
  • Chile represents an attractive investment jurisdiction – it is a member of the OECD, has an investment grade credit rating and benefits from established legal, regulatory and tax frameworks that support foreign investment. The region also boast one of the highest levels of solar resource in the world in terms of annual irradiation (amount of energy emitted by the sun).

Sector

  • Solar

Stage

  • Acquired at construction-stage; all sites operational as of December 2021

Cashflow Profile

  • Stabilized pricing regime under the Pequeños Medios de Generación Distribuidos (PMGD) program
  • Power is sold to the grid at the stabilized price and purchased by a large pool of buyers consisting of local utilities and generators

Responsible
Investment

  • Source of clean energy
  • Generates economic benefits to the community in the form of payments to landowners and local spending