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Situated on 190ha of public land in the municipality of Maria Elena, the project is expected to start operations in the first quarter of 2016.

Greenwood Energy is developing the project in partnership with local developer Pacific Solar. Construction work is anticipated to commence in the first half of 2015.

Greenwood Energy CEO Camilo Patrignani said: "Chile’s advanced electricity market makes it an ideal location for large-scale solar generation.

"The Inti Project is further proof renewable energy is an economic alternative to fossil fuels, reliably meets fast-growing power demand, and boosts energy independence while cutting emissions across South America."

The average electricity demand in Chile has increased between 5% and 6% annually on the country’s main transmission networks since 1998.

Chile’s electricity demand is estimated to reach 5.4% to 6.4% annual growth through 2022.

Greenwood said the Inti project expands its solar portfolio in Chile and throughout the Latin American region.

In 2014, the company completed a 40MW solar project in Chile’s Atacama region and built first utility-scale solar installation in Panama.

Greenwood has also unveiled plans to develop 250MW of new commercial rooftop solar in Mexico by 2017.

The company presently has a 3GW project pipeline throughout the Latin American region.

Image: The 80MW Inti project expands Greenwood Energy’s solar portfolio in Chile. Photo: Courtesy of worradmu/FreeDigitalPhotos.net.