Espejo de Tarapacá

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Category: MCF

Document Type: Annual Performance Report

Chile's Espejo de Tarapacá Renewable Energy and Water Project Annual Performance Report for 2022

This document is an excerpt from the Annual Performance Report (APR) for Calendar Year (CY) 2022 for the Espejo de Tarapacá project (Green Climate Fund reference FP115) in Chile. The project's primary purpose is to provide stable, 24-hour renewable baseload energy, addressing the intermittency issues of solar power and the volatility of the Chilean spot energy market. Its scope involves the commercial integration of two power plants: a 300 MW pumped storage hydroelectric plant using the Pacific Ocean as a reservoir and a 561 MW photovoltaic solar plant. The project also contributes to climate change adaptation by ensuring a stable water supply to vulnerable local communities through its own desalination plant. Key obligations include providing renewable baseload energy and a stable water supply, as well as reporting requirements such as the submission of the annual APR to the Green Climate Fund (GCF). The APR for CY 2022 was submitted to the relevant National Designated Authority(ies) (NDA) on 2023-02-20. Affected sectors include Energy (electricity generation, storage), Water (desalination, supply), Local Communities (water supply), and Finance (investment). The project has an estimated lifespan of 35 years. The GCF provided a USD 60 million anchor equity investment, intended to attract the remaining USD 1.1 billion from private sector debt and equity investors. No specific regulatory compliance dates or regulation/statute names are mentioned in the provided text.

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Full text:

Annual Performance Report CY2022 1 / 4
Annual Performance Report CY2022

Annual Performance Report CY2022 2 / 4
APR CY2022 Section 1: General Information - v1 (Draft) 2023-02-19 11:09 +09:00
[APR CY2022] Section 1: General Information
Please note that this is section 1 of the ve Annual Performance Report (APR) sections. APR will be considered valid only after all the ve sections are lled with
relevant details.
1.1 Please indicate if information provided in this APR is disclosable outside the Green Climate Fund. *
Yes - The Accredited Entity agrees that the information reported is disclosable.
X No - The information reported is partly condential. The disclosable version of the APR will be attached.
If you select the second option [No - The information reported is partly condential. The disclosable version of the APR will be attached], please follow the below
steps.
- Step 1: Fill in all the sections of the APR with disclosable information.
- Step 2: Save each section using the 'PDF' function provided in the top-right corner. (Do NOT submit an APR at this step).
- Step 3: Attach all of the disclosable sections to the attachment boxes below, which will be shown once you check the second option only.
- Step 4: Update all the sections of the APR with non-disclosable information.
- Step 5: Submit the non-disclosable APR which herein enclose the disclosable APR in PDF format.
Please select disclosable section
X Section 1: General Information
X Section 2: Implementation Progress
Section 3: Financial Information
X Section 4: Environmental and Social Safeguards & Gender
Section 5: Annexes
Please attach the disclosable Section 1 of the Annual Performance Report
Please attach the disclosable Section 2 of the Annual Performance Report
FP115 APR2022_Section 2 disclosable.pdf
Please attach the disclosable Section 3 of the Annual Performance Report
Please attach the disclosable Section 4 of the Annual Performance Report
FP115 APR2022_Section 4 disclosable.pdf
Please attach the disclosable Section 5 of the Annual Performance Report
1.2 Please indicate if this report has been shared with the relevant NDA(s) for this Funded Activity
Yes
Once the APR is created in the PPMS, please use the 'Open as PDF' function to download the report in PDF format and to share with relevant authorities (i.e. NDAs) before submission.
Select 'Yes' only if shared to ALL the relevant NDA(s).
Please Indicate the date of submission to NDA(s)
2023-02-20
If the APR is submitted to multiple NDAs, please indicate the latest date of submission to NDA, and provide the other dates per NDA in the further explanation box below.

Annual Performance Report CY2022 3 / 4
Please provide further explanation, if any:
1.3 Funded Activity Title (Project/Programme Title)
Espejo de Tarapacá
1.4 Funding Proposal Reference Number
FP115
1.5 Board Meeting Number
23
1.6 Accredited Entity contacts for this APR
Full Name
Atsuko Nuibe

Tags: Adaptation, Climate Change, Climate Finance, Climate Fund, Compliance, Electricity, Energy, Energy Storage, Energy Supply, Energy Transition, Equity, Finance, Funding, Green Investments, Hydro, Infrastructure, Investment, Mitigation, Power Plant, Pv, Renewable Energy, Report, Reporting, Solar, Water, Water Management

Sector: Private

Original Source