The project estimated to around $334m, reports Bloomberg.

The station, which will be constructed in the Atacama Desert, will be equally owned by the EDF unit and Marubeni.

This will be the third joint project between Marubeni and EDF Energies in South America region.

Marubeni has become the first Japanese company to undertake such a project in South America.

Marubeni intends to expand its presence in the Latin America region.

EDF Energies Nouvelles has presence in 20 countries and a portfolio of more than 10,000 MW of renewable power plants developed, built and commissioned.