Lampa, October 18, 2017 – Pierre Boulestreau, the Chief Executive Officer of CVE Chile, Pierre de Froidefond and Hervé Lucas, two of the three co-founding partners of Cap Vert Energie, inaugurated the photovoltaic power plant of Valle de la Luna, in the presence of Caroline Dumas, the French Ambassador to Chile;

Solar plant of Valle de la Luna II – Santiago area credit CVE group

The Valle de la Luna photovoltaic solar plant, with an installed power of 3 MW, is a decentralized production unit (PMGD) with a low environmental impact (limited power transmission), located in the community of Lampa, 40 km from Santiago. The unit will produce 6.8 GWh (gigawatt-hours) of renewable electricity in a full year, enough to power 5000 homes.

The Cap Vert Energie Group has built a presence in Chile in the decentralized production unit market[1]. CVE Chile is targeting the Santiago region, where most of the country’s energy demand comes from. This strategy is in line with Cap Vert Energie’s vision of decentralized electrical production sold directly to businesses. That’s because after four years of selling energy via the stabilized price mechanism, CVE Chile will sell its renewable electricity directly to companies in the Santiago region through private Power Purchase Agreements (PPA), which are long-term contracts that set a sales price between the electricity producer and the electricity consumer.

Created in 2016, CVE Chile now has five employees, and operates three ground-based photovoltaic units in the metropolitan region, 40 km from Santiago, Chile: Quinta Solar (2.99 MW), San Francisco Solar (2.99 MW), and Valle de la Luna II (2.99 MW). With about 30 PMGD plants currently in operation in Chile, CVE Chile is positioned as a leading player in this market. The goal is to achieve an operating power of 200 MWp by 2022.

The Cap Vert Energie Group’s choice of sites in Chile, as well as the United States (in the states of New York and Massachusetts) came about through market research and through analyzing public policies and local climate conditions. “Chile gets an ideal amount of sun (about 3400 kWh/m²/year), and has a direct energy sales model and a subsidy-free market. This is in keeping with out strategic vision for developing renewable energy“, explained Pierre Boulestreau


About Cap Vert Energie: Cap Vert Energie was founded in 2009 as an independent producer of renewable energy by Christophe Caille, Hervé Lucas, and Pierre de Froidefond. The Group develops, finances, and builds solar power plants and biomethane units to operate them on its own for their entire lifespan. The Group’s goal is to provide sustainable responses to the energy and environmental needs of businesses and communities, in a direct energy sales model. Cap Vert Energie is certified ISO 9001:2008 for all of its activities. Based in Marseille, with regional offices in Toulouse, Rennes, and Fontainebleau, Cap Vert Energie has an international presence in Africa and through its subsidiaries in Chile (CVE Chile) and North America (CVE North-America). As of March 30, 2017, the fleet in operation and under construction totaled 75 MW of cumulative power, for projected energy sales of €18.2 million. The company employs 75 employees.
[1] These are Small Distributed Means of Generation: (in Spanish, PMGD), which corresponds to plants under 9MW connected to the grid.