Zelestra, the international firm specializing in renewable energy, has secured a $282 million financing package for the development of the Aurora project in Tarapacá, Chile. This initiative marks a new step in the deployment of clean energy infrastructure in Latin America, by integrating a 220 MWdc solar plant with a 1 GWh battery storage system.
Zelestra ensures a continuous supply of clean energy
The financial backing comes from the institutions Natixis CIB and BNP Paribas, while the Chilean entity BCI has provided a mechanism for VAT treatment. This financial structure allows the company to move forward with the construction of a project that seeks to ensure a continuous supply of solar energy, even during nighttime periods, thanks to a power purchase agreement (PPA) signed with the Chilean company Abastible.
Battery storage power station accompanied by solar and wind power plants Zelastra Company
Aurora project and Chile’s decarbonization plans
With an estimated annual capacity of 600 GWh of renewable energy, Aurora could supply the consumption of approximately 200,000 households in Chile. In addition to improving energy security, this clean generation will contribute to the country’s decarbonization goals, reinforcing the commitment to multi-technological solutions tailored to the needs of its customers.
The company’s CEO, Leo Moreno, underscored the strategic importance of Aurora, calling it a project that demonstrates the financial market’s confidence in the company’s customer-centric model. Aurora is positioned among the most advanced initiatives in the region, not only because of its scale, but also because of its technological approach that combines solar generation and battery storage.
With operations in 13 countries and a portfolio of nearly 29 GW of carbon-free projects, Zelestra is consolidating its leadership in the development of large-scale renewable energy in Latin America. The progress of the Aurora project reinforces this strategy by integrating technologies that allow for more flexible and continuous generation, adjusted to Chilean market demand.
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Source: Zelestra
Photo: shutterstock
