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Canada’s Total Climate Finance Contribution:
$14,300,000 CAD
- 2010 to 2011: $14,300,000 CAD
Targeted Countries:
Chile
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program financed for the expansion of a solar photovoltaic (PV) power plant, from 1.4 megawatts (MW) to 30.5 MW. This plant will be the first large-scale merchant solar plant in the Northern Interconnected System in Chile.
Results/Expected Outcomes
It is expected that this project will help demonstrate the viability of merchant solar power plants in Chile by establishing a track record of successful performance for future investors and developers. The expanded plant is also expected to abate 24,500 tons of CO2 per year.* To date, the project is fully constructed.
Co-Financing/Mobilized Finance ($CAD):
$53,000,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
24,500