Chile Approves Massive Solar Project

Chile is going ahead with a 260 Megawatt solar plant and storage facility.  Will deliver electricity at very competitive prices to mines and other businesses. Here's an excerpt:

The Chile government has given environmental approval for a solar tower and storage plant that would deliver 260MW of base load power to the country’s grid.
The Chile government has given environmental approval for a solar tower and storage plant that would deliver 260MW of base load power to the country’s grid.  US company SolarReserve, which is putting the finishing touches to its first 110MW solar tower and storage plant in Nevada, expects the new plant at the Copiapó Solar Project will begin commercial operation in 2019.
“It will deliver 260 megawatts (MW) of reliable, clean, non-intermittent baseload power 24 hours a day to consumers of the central interconnected system (SIC),” the company said.
The project technology is based on SolarReserve’s successful Crescent Dunes project in the U.S., which is complete with construction and is currently in final commissioning.
However, the Copiapó project, located in the sun-rich Atacama Region, will add solar PV to the concentrating solar power (CSP) tower technology with molten salt thermal energy storage.
The hybrid concept will deliver more than 1,800 gigawatt hours annually, while providing a highly competitive price of power, mostly to mining companies that operate in the region.
CEO Kevin Smith said the plant would operate at a capacity factor and availability percentage equal to that of a coal fired power plant.

Read the rest of the story on RenewEconomy.