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Climate action and solar energy development programme in the Tarapacá Region in Chile
The interim evaluation of the Atacama Solar project in Chile's Tarapacá Region shows significant progress in constructing a 150 MW photovoltaic plant and a 45.5 km transmission line, with overall project advance at 89.8% as of October 2020. The project has improved financial efficiency, reducing total costs by 32% to USD 180 million and lowering the GCF mitigation impact cost to USD 9.90/tCO2. While stakeholder engagement and gender mainstreaming plans are active, the report notes delays in the project cycle and insufficient communication between the Executing Entity and national authorities. The project is aligned with Chile's goal of carbon neutrality by 2050 and its target of 20% non-conventional renewable power generation by 2025.
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Document type: Report