The acquisition pushes Solarity beyond 300 operational solar plants in Chile, representing the second complete portfolio purchase by the company in slightly more than one year. In May 2025, Solarity acquired 32 self-consumption solar plants totaling 11 MWp from Energía Latina S.A. (Enlasa), spread across six Chilean regions. General Manager Horacio Melo stated the acquisition forms part of an ambitious and active expansion plan executing both new projects and operational portfolio purchases, with the long-term objective of reaching 1,000 plants in Chile.
Solarity develops, finances, constructs and operates photovoltaic installations for industrial, commercial and agricultural clients primarily through long-term PPA contracts. Brookfield Renewable acquired a majority stake in the Chilean company in 2022. In August 2024, Solarity announced $50 million in financing dedicated to driving construction of new distributed generation installations.
The company’s growth unfolds within a Chilean self-consumption market that accumulated 502.9 MW of declared power under the Netbilling scheme as of May 2026, encompassing 41,986 installations, according to Superintendencia de Electricidad y Combustibles data compiled by ACESOL. Solar installations accounted for 501.985 MW of that capacity.
The distributed generation segment represents a fraction of Chile’s broader solar market, which continues attracting significant capital. Grenergy recently completed the sale of its Gabriela project to CVC DIF for an enterprise value of $475 million, combining 272 MW of solar capacity with 1,100 MWh of battery storage under a 15-year hybrid PPA. Chile’s Atacama Desert hosts both distributed and utility-scale projects leveraging some of the planet’s highest solar radiation levels, including the Cerro Dominador concentrating solar power facility with 17.5 hours of thermal storage capacity.
This article was curated and published as part of our South American energy market coverage.
