EIG Global launches thermal solar project in Chile, LatAm’s first

U.S. private equity firm EIG Global Energy Partners on Tuesday inaugurated Latin America’s first thermal solar plant, a project in Chile’s sun-drenched Atacama desert that the South American nation hopes will smooth its path to a low-carbon future.

The striking Cerro Dominador, a $1.4 billion project announced in 2013, will use technology allowing storage of the sun’s heat to generate electricity for hours, including at night, unlike traditional photovoltaic solar- or wind-powered-plants that produce only while the sun is shining or the wind is blowing.

Author: Fabián Cambero

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