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Project Status Announced
Size 10MW
Duration 4 years
Technology I don't know

Chile’s Ministry of Energy and government agency for entrepreneurship (COFO) has given a tender for South America’s first concentrated solar power (CSP) plant to energy firm Abengoa.

The project, named “Cerro Dominador”, will be constructed in Maria Elena, in the Antofagasta region of the country. The 110MW CSP plant will utilize molten salt power technology, allowing energy to be stored for up to 17.5 hours without direct solar radiation.

“Cerro Dominador” will consist of 10,600 mirrors arranged in a circle over a 2.5 mile area. The mirrors will then shine on a central tower measuring 74 metres.

US$20 million in government funding is being provided for the project, while developers also have access to US$500 million in additional funding from the IDB, Clean Technology Fund, German bank KfW and the European Union.

The project will be owned by Minera El Tesoro, a subsidy of the mining group Antofagasta Minerals.

Tags: investments, funds, molten salt storage