09:47 AM EST - Etrion Corporation : and Total S.A. announced the planned construction of Project Salvador, the world's largest solar power project based on spot market electricity revenues. Project Salvador will be a 70-megawatt-peak photovoltaic power plant in the Atacama region of Chile. Pursuant to the terms of the related purchase agreement, Etrion, Total and Solventus Energías Renovables will own 70%, 20%, and 10% interests, respectively, in the project. The total project cost of approximately $200 million U.S. will be financed 70% through non-recourse project debt from the Overseas Private Investment Corporation, the U.S. Government's development finance institution. The remaining 30% equity portion will be funded by Etrion, Total and Solventus, based on their respective ownership interests. Etrion Corporation
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