Opportunity
The US$104 million San Pedro III PV project called for the construction and operation of a 30MW PV power plant near the city of Calama in northern Chile's Antofagasta region.
Solution
We provided technical due diligence services to the lender, including a review of the suite of contracts and a generation forecast analysis. Our scope of services included a review of the:
- Technology, solar resource and energy yield
- Environmental, social and permitting
- Site assessment
- Finance model
- Engineering, procurement, construction
- Operations and maintenance agreements
Outcome
Our solar team has a long and successful track record of helping clients develop reliable and efficient large-scale grid-connected PV projects. San Pedro III successfully achieved financial close on time. We continued our role as lender's technical advisor for the construction of the project and the plant is now in full operation.
