Climate action and solar energy development programme in the Tarapacá Region in Chile
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 ac on and solar energy development programme in the Tarapacá Region in Chile Annual Performance Report CY2020 FP017 SmartME 2 / 78 Sec on 1: General Informa on Sec on 1: General Informa on Please note that this is sec on 1 of the six Annual Performance Report (APR) sec ons. APR will be considered valid only a er all the six sec ons and the addi onal sec on on COVID-19 are filled with relevant details. 1.1 Please indicate if informa on provided in this APR is disclosable outside the Green Climate Fund. * X Yes - The Accredited En ty agrees that the informa on reported is disclosable. No - The informa on reported is partly confiden al. The disclosable version of the APR will be a ached. If you select the second op on [No - The informa on reported is partly confiden al. The disclosable version of the APR will be a ached], please follow the below steps. - Step 1: Fill in all the sec ons of the APR with disclosable informa on. - Step 2: Save each sec on using the 'Open as PDF' func on provided in the top-right corner. (Do NOT submit an APR at this step). - Step 3: A ach all these disclosable six sec ons, including an addi onal sec on on COVID-19, to the a achment boxes below, which will be shown once you check the second op on only. - Step 4: Update all the sec ons of the APR below with non-disclosable informa on. - Step 5: Submit the non-disclosable APR with an a achment 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 Ac vity Yes Once the APR is created in the PPMS, please use the 'Open as PDF' func on to download the report in PDF format and to share with relevant authori es (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 submi ed to mul ple NDAs, please indicate the latest date of submission to NDA, and provide the other dates per NDA in the further explana on box below. Please provide further explana on, if any: 1.3 Funded Ac vity Title (Project/Programme Title) Climate ac on and solar energy development programme in the Tarapacá Region in Chile (Informa on is locked for edi ng) 1.4 Funding Proposal Reference Number FP017 (Informa on is locked for edi ng) 1.5 Board Mee ng Number 13 (Informa on is locked for edi ng) FP017 SmartME 3 / 78 1.6 Accredited En ty contacts for this APR Full Name Alejandro Miranda Velazquez E-mail Address Phone Number amiranda@caf.com +54114318-6434 1.7 Execu ng En ty(ies) Full Name of Execu ng En ty 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