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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 2025

Water and Power

1,750 liter per second 

150 megawatts

Project status:

  • The company is developing the Enpac PV project, which combines storage with a capacity of 150 megawatts plus approximately 400 megawatt hours of storage. The project is expected to begin construction during 2025.

  • An agreement was signed with a global investment bank to support the financing of the project with debt and equity.

  • All essential approvals for the first phase (the central line) have been received.

  • A cooperation agreement was signed with a global EPC company for the construction of the project.

  • Negotiations with international investment entities to locate an equity partner for the project

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