Distributed Solar Portfolio II

Capitalizing on our scale and experience in the Chilean solar market, CC&L Infrastructure, in partnership with CarbonFree Technology secured a second portfolio of ground mount assets in August 2021. This portfolio includes the right to invest in approximately 80 MW of construction-stage solar projects, which upon completion would be capable of generating enough power to meet the needs of more than 14,000 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 2021

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

  • Energy Infrastructure – Solar

Stage

  • Construction-stage

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