Climate action and solar energy development programme in the Tarapacá Region in Chile

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Category: MCF

Document Type: Annual Performance Report

2020 Performance Report for Chile's Atacama Solar Project (FP017) Submitted March 8, 2021

The Atacama Solar Project, officially part of the Green Climate Fund (GCF) funded "Climate action and solar energy development programme in the Tarapacá Region in Chile" (FP017), is a 143MW photovoltaic (PV) solar park located in the Atacama Desert/Tarapacá Region, Chile. Its primary purpose is to achieve rapid CO2 displacement, drive Chile's transition towards renewable power by providing a low-cost, clean alternative to coal and LNG-based generation, demonstrate the viability of large-scale solar PV in the region, and facilitate future private sector investment. The project has an estimated lifespan of 20 years. Key requirements include securing long-term project financing, which relies significantly on GCF and Corporación Andina de Fomento (CAF) funding due to market conditions limiting participation from Chilean commercial banks. The project is subject to GCF reporting obligations, including the submission of Annual Performance Reports (APR). The APR covering the period 2020-01-01 to 2020-12-31 was submitted to the relevant National Designated Authorities (NDAs) on 2021-03-08. The Accredited Entity, CAF, confirms the disclosability of the report information. The project contributes to Chile's national goal of achieving 20% non-conventional renewable power generation by 2025. The affected sectors include the Electricity/Power generation sector, the broader Energy sector, and the Finance/Banking sector. The project's implementation duration is from 2019-10-11 to 2022-04-11. No specific national regulations or statutes are named, but the project operates within the GCF framework and supports national energy targets.

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Full text:

SmartME 1 / 78
FP017 Climate acon and solar energy development programme in
the Tarapacá Region in Chile
Annual Performance Report CY2020
FP017

SmartME 2 / 78
Secon 1: General Informaon
Secon 1: General Informaon
Please note that this is secon 1 of the six Annual Performance Report (APR) secons. APR will be considered valid only aer all the six secons and the
addional secon on COVID-19 are filled with relevant details.
1.1 Please indicate if informaon provided in this APR is disclosable outside the Green Climate Fund. *
X Yes - The Accredited Enty agrees that the informaon reported is disclosable.
No - The informaon reported is partly confidenal. The disclosable version of the APR will be aached.
If you select the second opon [No - The informaon reported is partly confidenal. The disclosable version of the APR will be aached], please follow the
below steps.
- Step 1: Fill in all the secons of the APR with disclosable informaon.
- Step 2: Save each secon using the 'Open as PDF' funcon provided in the top-right corner. (Do NOT submit an APR at this step).
- Step 3: Aach all these disclosable six secons, including an addional secon on COVID-19, to the aachment boxes below, which will be shown once
you check the second opon only.
- Step 4: Update all the secons of the APR below with non-disclosable informaon.
- Step 5: Submit the non-disclosable APR with an aachment of the disclosable APR in the PDF format.
1.2 Please indicate if this report has been shared with the relevant NDA(s) for this Funded Acvity
Yes
Once the APR is created in the PPMS, please use the 'Open as PDF' funcon to download the report in PDF format and to share with relevant authories (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)
2021-03-08
If the APR is submied to mulple NDAs, please indicate the latest date of submission to NDA, and provide the other dates per NDA in the further explanaon box below.
Please provide further explanaon, if any:
1.3 Funded Acvity Title (Project/Programme Title)
Climate acon and solar energy development programme in the Tarapacá Region in Chile
(Informaon is locked for eding)
1.4 Funding Proposal Reference Number
FP017
(Informaon is locked for eding)
1.5 Board Meeng Number
13
(Informaon is locked for eding)
FP017

SmartME 3 / 78
1.6 Accredited Enty contacts for this APR
Full Name
Alejandro Miranda Velazquez
E-mail Address Phone Number
amiranda@caf.com +54114318-6434
1.7 Execung Enty(ies)
Full Name of Execung Enty
Corporación Andina de Fomento

Tags: Banking, Climate Change, Climate Finance, Climate Fund, Coal, Compliance, Deadline, Development, Electricity, Energy, Energy Transition, Finance, Fossil Fuels, Funding, Gas, Infrastructure, Institutions / Administrative Arrangements, Investment, Mitigation, Renewable Energy, Renewables, Report, Solar

Sector: Private

Original Source