The 123-MW Granja solar photovoltaic (PV) farm in Chile began to take shape on May 22, when its developer, Spain’s Solarpack Corporacion Tecnologica SA (BME:SPK), installed the first set of modules.

The project is being built on an approximately USD-114-million (EUR 101.8m) budget to which Germany’s KfW IPEX-Bank GmbH contributed with up to USD 91 million in financing.

The solar farm will operate under long-term power purchase agreements (PPA) signed with 25 Chilean distribution companies. The PPAs will cover the period from 2021 until 2040.

The facility is located in the Atacama Desert Chile’s Tarapaca region. Once completed, the Granja solar farm will generate more than 340 GWh per year. It is expected to commence operations at the end of 2019.