Parque Arauco and Copec Flux Partner on Photovoltaic Project to Cut Over 690 Tons of CO₂ Emissions Annually in Chile

The joint venture includes the installation of three photovoltaic systems operating under Chile’s Net Billing mechanism, allowing energy self-generation with excess energy fed back into the grid. Two solar arrays with a combined capacity of 874.8 kWp will be installed at Arauco Coronel shopping center, while a 104 kWp plant will be constructed at Arauco Express Calama. These installations are projected to generate more than 1.4 million kWh annually, preventing over 690 tons of CO₂ emissions per year. This reduction equates to removing approximately 205 combustion vehicles from circulation or the equivalent carbon sequestration provided by planting over 14,000 trees.

The agreement reflects Parque Arauco’s continued pursuit of science-based targets (SBTi), including a 38% reduction of Scope 1 and 2 emissions and 48% reduction of Scope 3 emissions by 2029. The group also aims for 86% renewable energy in its matrix and a 41% cut in direct emissions compared to 2022 levels. Andrés Torrealba, Parque Arauco’s Chile division general manager, highlighted the project as a “tangible advancement” towards sustainable asset management with measurable greenhouse gas reductions.

Copec Flux CEO Juan Cristóbal González emphasized the role of distributed solar energy in enhancing operational resilience and emission efficiency, underlining how renewable energy solutions accelerate decarbonization of high energy-consuming assets while generating lasting environmental and economic value. Both companies’ focus on integrated renewable infrastructure positions them as regional leaders in the sustainable energy transition across the commercial real estate and retail sectors in Chile.