WASHINGTON, June 9 (Bernama-BUSINESS WIRE) — EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the inauguration of the Cerro Dominador solar complex following a successful synchronization with the Chilean National Electrical System. 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 plant and a contiguous 100 MW photovoltaic (“PV”) 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% renewable energy 24-hours a day, seven days a week. The complex can offset approximately 640,000 tons of CO2 emissions per year and generate enough energy to power approximately 380,000 homes.