Transelec and SunPower Finalize Acquisition of Switchyard Interconnecting 100MW El Pelicano Solar Project
The Don Héctor switchyard is located 6.5 kilometers from
"This purchase completes a process that we have been executing with
Under construction at the El Pelicano site is a SunPower® Oasis® solar power plant system, which is an innovative, fully-integrated solar solution engineered for rapid and cost-effective deployment while optimizing land use. The technology includes robotic solar panel cleaning capability that uses 75 percent less water than traditional cleaning methods and can help improve system performance by up to 15 percent.
The company owns 78% of the national power transmission lines in the Central Interconnected System (SIC) and 100% of the national power transmission lines in the Far North Interconnected System (SING), with nearly 10,000 kilometers of transmission lines and 57 substations throughout the country.
The company is 100% owned by the Canadian consortium led by Brookfield Asset Management (BAM), Canadian Pension Plan Investment Board (CPP),
As one of the world's most innovative and sustainable energy companies,
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding business plans and strategies, project plans and timelines, projected energy output, anticipated product performance, cost savings, and projected growth and optimization of renewable energy models. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing and
maintaining certain of our large projects, competition and market conditions in the solar and general energy industry, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the
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