Pradera Larga is Limes’ most ambitious project outside of Europe to achieve this milestone to date. The hybrid project will combine 84 MWp of Solar PV with a 90 MW BESS, representing an estimated total investment of around US$150 million.
Over the next year, Limes will advance the project toward Ready-to-Build (RTB), progressing construction financing, PPA negotiations, and procurement activities. Limes also expects to secure the environmental approval (RCA) for BESS Huañil (200 MW) and to advance the rest of its utility-scale development pipeline. The Company’s Chilean pipeline continues to expand and now includes approximately 180 MWp of solar PV and 620 MW of BESS, including Pradera Larga, BESS Huañil, and early-stage developments such as BESS Pimiento (100 MW) and BESS El Ganso (150 MW), to further strengthen the country’s storage backbone.
Located in the Casablanca area of Central Chile, Pradera Larga reflects Limes’ strategy of developing renewable assets closer to high electricity demand centres. Building on its strong track record in Italy, Limes is positioning Chile as a key market for its long-term growth strategy and wider expansion across Latin America, while closely evaluating new opportunities throughout the region.
“Pradera Larga is a flagship project for Limes in Chile” said Martin Libra, Limes Head of LATAM. “Reaching this milestone in such a complex area demonstrates our expertise in developing challenging projects and confirms that we are focused on the right locations. With Pradera Larga and the rest of our Chilean pipeline moving toward maturity, Limes is strongly positioned in the region and actively assessing new opportunities across Latin America.”
Limes is developing projects in Italy, Sweden, the US, Chile, Vietnam and Indonesia, and has accumulated ~6 GW of development pipeline globally.
“Securing the RCA for Pradera Larga reaffirms our long-term commitment to Chile and reflects the sustained efforts of our local team” added Cristiano Spillati, Limes Managing Director. “Building on the track record we have established over many years in Italy, we are now applying the same strategy in Chile, fully aligned with our vision to become an independent power producer (IPP).”
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