Project
ENAPAC
99% percent of the water in the world is not potable. Historic water reserves are becoming polluted and depleted around the world, in both developed and developing countries. The solution to the ongoing water crisis lies in the intersection between water and energy.
Water desalination is an energy intensive process and in order to protect the environment and create an economic solution for many countries it is necessary to combine renewable energy facilities with existing and future desalination facilities.
The company's ENAPAC project in northern Chile is one of the first projects in the world to be operated using renewable energy, a photovoltaic field adjacent to storage facilities, which will provide most of the facility's energy consumption.
The facility, which will produce approximately 55 million cubic meters of water per year and transport it a distance of 70-250 kilometers to the remote mines located in the Andes Mountains and to the communities and farmers of the Atacama Desert. The mining industry is Chile's main export industry and accounts for about 50% of total exports. In this green project, Solaer will help preserve Chile's water sources for future generations and support the country's sustainable economic growth.
Projected revenue
(First year)
About 227 million dollars
EBITDA (first year) about 171 million dollars
LOIs with 11 mines, negotiations on agreements for 15-20 years
Estimated construction cost
About 1.5 billion dollars
Development
status
Expected Ready to Build in the Q4-2024 quarter
Water and Power
1,750 liter per second
150 megawatts
Status as of the end of Q1 2024
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An agreement was signed with a global investment bank for debt and equity structuring in the project
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All essential permits and authorizations for the first stage have been receive
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Remaining permits expected to be received in the next few months
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A cooperation agreement was signed with a global EPC company for the construction and operation of the project
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Negotiations ongoing with international investment bodies to secure an equity partner for the project