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SolarReserve Receives Approval for 260MW Baseload Solar Plant in Chile

Published on 21 Aug 2015
SolarReserve has received environmental approval from the Chilean government to develop solar projects with energy storage. The Copiapó Solar Project, scheduled to reach commercial operation in 2019, will deliver 260MW of baseload power 24 hours a day to consumers of the central interconnected system (SIC). 

The company collaborates with stakeholders and local communities to ensure minimal environmental impact. This process includes site selection, low water use systems, and extensive environmental studies prior to starting construction.

"One of the fundamental goals for SolarReserve is minimizing the environmental impacts of our projects at every stage – from site selection and construction, to full operational use," said Kevin Smith, SolarReserve's CEO. "Sustainability is the focus of our business. Our proprietary solar energy storage technology provides a viable and cost competitive alternative to fossil-based electricity generation, with the potential to meaningfully reduce reliance on fossil fuels and associated carbon pollution that is contributing to climate change."

"SolarReserve is the industry leader in baseload solar power solutions, due to our proprietary solar thermal energy storage technology with over 100 patents," said Tom Georgis, SolarReserve's SVP of Development. "This technology realistically has the potential to power the entire country of Chile using two phenomenal Chilean resources, salt and sun."

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