EIG-owned Cerro Dominador inaugurates Chile's concentrated solar power plant

KUALA LUMPUR, June 9 -- EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors has announced the inauguration of the Cerro Dominador solar complex following successful synchronisation with the Chilean National Electrical System.

According to a statement, Cerro Dominador is wholly-owned by funds managed by EIG.

Located in the heart of Chile's Atacama Desert, one of the best locations in the world for solar generation, the complex comprises a 110 MW CSP (concentrated solar power) plant and a contiguous 100 MW photovoltaic plant that has been operational since 2017. The CSP plant runs on cutting-edge technology that uses solar energy to heat molten salt, which is then stored in large tanks to be used to generate electricity through a steam turbine.

This technology provides up to 17.5 hours of energy storage thereby enabling the production of 100 per cent renewable energy round-the-clock, with the complex able to offset approximately 640,000 tonnes of CO2 emissions annually and generate enough energy to power approximately 380,000 homes.

EIG Chairman & CEO, R. Blair Thomas said, “We are proud to support this groundbreaking project, which will provide the Chilean national grid with flexible, safe and reliable renewable energy and contribute meaningfully to reducing CO2 emissions in Chile.

“The project is fully aligned with our ESG goals and priorities and is helping to lay the groundwork for a low carbon future through the production of clean, reliable and cost-effective energy.”

For more information, visit EIG website at www.eigpartners.com.

-- BERNAMA