Solek Group, a leading renewable energy company with a focus on solar energy, announced this Monday it will develop 200-megawatt solar energy projects in Chile. The contract comes as Solek’s Chilean subsidiary signed a framework agreement with BlackRock’s Global Renewable Power Fund III.
Firstly, under the agreement, Solek will develop up to 28 individual photovoltaic power plant projects with an aggregate capacity of up to 200 MW. The company will also oversee the operation and maintenance services for the projects. On behalf of BlackRock Global, Aediles Capital Inc. will oversee Asset Management.
Moreover, Solek will develop each project under Chile’s PMGD/PMG (distributed generation projects) program. This program is one of the pillars of the country’s strategy to become carbon neutral by 2050.
In addition, according to the statement; solar power plant projects with a total installed capacity of 90.5 MW are already under the preparation phase of construction. These projects will serve regions with high demand for electricity due to growing populations and developed mining industry.
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Solek Group leverages BlackRock’s global presence to grow
Zdeněk Sobotka, founder and CEO of the SOLEK Group, said about the matter. “BlackRock is a leading investor in renewable power globally, which means we are entering into a relationship with a stable and renowned partner who will create a long-term outlet for our services.”
He also remarked. “This is an important strategic step towards establishing cooperation with leading infrastructure investors, who are key to the further growth of SOLEK Group, not only in Chile but also in other countries.”
Finally, he concluded by saying. “Large investors of this type can fully appreciate the long-term and stable return on energy investments. For us, it is also an expression of trust in the long-term conceptual work of all SOLEK Group teams.”
