KKR's ContourGlobal Kicks Off Solar-Plus-Storage Project in Chile

KKR, a leading global investment firm, has announced through its portfolio company ContourGlobal that construction has begun on the 'Sun at Night' solar-plus-storage project in Chile.

Project Details

  • 100 MW solar photovoltaic (PV) plant
  • 100 MW/200 MWh battery energy storage system
  • Located in the Atacama Desert, Chile

Implications for ESG Reporting

This project holds significant implications for ESG reporting, particularly in the areas of:

  • Renewable Energy Targets: The project aligns with companies' and countries' renewable energy targets, demonstrating a commitment to transitioning to clean energy.
  • Carbon Footprint Reduction: By generating clean energy, the project contributes to reducing greenhouse gas emissions and carbon footprint.
  • ESG Disclosure Standards: The project's progress should be tracked and reported in accordance with relevant ESG disclosure standards, such as the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB).

As the project progresses, ContourGlobal and KKR should ensure transparent and accurate reporting of its environmental and social impacts, aligning with their broader ESG strategies and commitments.