Tag: Chile

Structuring renewable energy projects: local development

There’s an inherent commercial tension within the way companies approach structuring renewable energy projects. In any new area, there’s naturally an element of trial and error that's characterised renewables for both technology providers, developers and investors (as technologies evolve, as legislative frameworks and policy develops and so on). It comes with the territory in emerging industries. However something that’s often overlooked is the way deal-structuring goes through the same kind of trial and error. In many respects, this area is more critical to the delivery of low-carbon solutions than even the technology itself. To explain the issue simply, [...]

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You think African renewable energy needs solar? Think again.

Last week the 350 team were meeting government officials in Malawi and Zambia, and during the journey we saw just how important geographical concerns are for renewable development. In particular, as we explored the issues facing African renewable energy we confirmed a key element of our strategy to match the right renewable technology to the local ecosystem, economic needs and political climate for the region. Put simply, Sub-Saharan Africa doesn't need solar. It placed us in the unusual position of being invited to discuss expanding the Malawian renewable power supply from 350MW towards their long term goal of [...]

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Atacama Desert

Final pre-flight checks before we begin Atacama development

We’re delighted to announce we’re making the last few preparations to launch our first Deal Stream 2 project, planned to break ground mid-2016 in Chile’s South Atacama desert. The project is for a sub-50MW solar energy facility that meets all the requirements for delivering a high quality, profitable solar park with excellent long term revenue potential. The key to building high quality renewable energy assets that deliver both effective carbon reductions and offer long term value creation for investors is defining the right kind of project. This first Atacama solar development is an excellent example: Location: [...]

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Introducing our new South America team leaders

Solar 350 is pleased to welcome onboard two very experienced project procurement experts to lead our South American business development programme. Axel Schmid will be heading-up our growing deal stream in South America, assisted by Jennifer Rivera Opazo. Together they bring with them the expert local business knowledge and contacts that are essential for operating projects like ours. Our team now brings together Chinese solar industrial partners (led by Bill Goldie) European and American financial partners (led by CFO Justin Passfield) and European engineering and carbon trading services (led by Nick Dimmock and Doug Marett of Grue [...]

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Solar-Logo-Orange

350 Signs New Peruvian Solar Development Partnership

After a successful trip to Lima earlier this year, we’re excited to announce we’ve partnered with a large Peruvian engineering firm ($100m turnover) to begin operations within Peru’s nascent solar energy industry. Our role is to take the backing of our partner’s enterprise-scale industrial build capacity and establish a local solar development company focused on small-scale solar parks facilitating rural electrification. Currently, there is significant Peruvian government support for these initiatives, high local electricity prices and geographically speaking, Peru receives the highest solar irradiation in the world (a function of global position, altitude and cloud cover). Therefore, we anticipate [...]

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Snapshot of our visit to Colombia

Building renewable energy in Colombia and Panama

Good news from Solar 350 this week as NASDAQ listed Chinese renewables investors gave the "green light" for two of our 100MW solar development projects in the S. Atacama desert, Chile. (You can learn more about this project in detail in our EIS Investors section here). Never satisfied, Solar 350's MD Nick Dimmock set off on a mini trade mission to explore further opportunities for building renewable energy in Colombia and Panama. His visit was hot on the heels of Ken Clarke (former UK Chancellor and Justice Minister) who is very keen to help UK companies take advantage of these [...]

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Enel Green Energy

The rise of renewable energy in Chile

Earlier this month Enel Green Energy brought 100MW of solar panels online in the South Atacama Desert in Chile. The South Atacama is also where our Solar Development company Solar 350 is about to start building our own solar parks, and where our carbon accreditation company Carbon 350 sees huge potential for emissions offsets. It is a unique location to optimise solar power, not just in terms of consistently high solar irradiation but also for creating the best C02/CO2e reductions from renewable power too. We're not surprised to see the rise of renewable energy in Chile. However these [...]

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