Conduit Capital Partners LLC, a private equity investment firm focused on energy infrastructure investment and development in Latin America and the Caribbean, and CAF, development bank of Latin America, announced that they have invested in the Tacna and Panamericana solar projects in southern Peru, and that the Tacna project has entered into operation.
Construction continues on the Panamericana project. Together the projects total 40 MW. Solarpack and Gestamp Solar, Spanish multinational companies that develop and construct solar photovoltaic (PV) generation plants, remain as partners.
Conduit and CAF together acquired 81 percent of the projects, which have a total project cost of approximately $210 million. The projects use solar PV technology and will sell energy through 20-year power purchase agreements to the Peruvian system.
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