What Andes Solar does

Andes Solar is a Chilean solar photovoltaic project developer and EPC contractor founded in 2013, operating from Huechuraba, Santiago, with a wholly-owned subsidiary in Lima, Peru (Andes Solar Perú) and a partnership-based presence in Paraguay. The company delivers the full project lifecycle — development, engineering and construction, and ongoing operations and maintenance — for utility-scale solar plants, small-scale distributed generation projects under Chile's PMGD framework (sub-9 MW with stabilized pricing and automatic grid connection), and behind-the-meter industrial and commercial installations. Technology is conventional PV: tracker and fixed-structure mounting systems, with battery energy storage (BESS) integrated into larger projects such as the 145 MWp Andino Las Pataguas park paired with 44 MW of storage. Andes Solar also offers agrovoltaic, floating solar, and hybrid solar+genset solutions for remote mining operations.

The business model combines one-time development and EPC fees (project-based pricing, not publicly disclosed) with multi-year O&M contracts. PMGD projects are typically developed for Chilean investment funds that provide project financing while Andes Solar retains development, construction, and O&M roles. Adjacent revenue streams include the ESCO model (e.g., Mall Zofri under a CORFO-funded program) and direct behind-the-meter sales to industrial clients. Customers span retail (Homecenter/Sodimac, Watts, MyD, Mall Zofri), energy (CVC Energía, Celepsa, Total Solar), mining, agriculture (Pura Fruit, Poderosa, Kondu), government (GAM, Regimiento Calama), and logistics. The company maintains a permitting pipeline of approximately 350 MW and has stated a 1 GW portfolio target in central Chile, with parallel build-out in Peru (Villacurí 13 MWp as anchor) and Paraguay (EPESA partnership). Revenue, valuation, and ownership structure are not publicly disclosed beyond the 2013 CORFO grant of ~139 million CLP (approximately US$317,000).

Name

Andes Solar

Legal name

Andes Solar

Website

https://andes-solar.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Andes Solar is a Chilean solar photovoltaic project developer and EPC contractor founded in 2013, serving industrial, commercial, mining, agricultural, and utility clients across Chile, Peru, and Paraguay with full-lifecycle development, construction, and O&M services including PMGD, utility-scale, and BESS-integrated projects.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic EPC and Project Development

NAICS

Solar Electric Power Generation (221114), Power and Communication Line and Related Structures Construction (237130)

SIC

Electric Services (4911), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Land Acquisition, Site Preparation & Civil Works (Geotech, Grading, Roads, Drainage) (EUACAGAL), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Solar EPC services
• Photovoltaic project development
• Utility-scale solar plants
• Battery energy storage systems
• Distributed generation PMGD

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Project Development and EPC Services: Andes Solar develops solar projects from land acquisition through construction, typically for investment funds. The company provides full development services, then constructs the projects and performs ongoing operation and maintenance for investors. Revenue comes from development fees, EPC margins, and long-term O&M contracts.
2. Autoconsumo/Behind-the-Meter Solutions: Installation of solar systems for industrial and commercial clients for self-consumption, reducing energy costs and carbon footprint. The company works with clients like Homecenter (Sodimac), Mall Zofri, and agricultural operations.
3. ESCO Model: Energy Service Company model where Andes Solar develops and operates projects for clients, with the company having won CORFO tenders for energy efficiency projects. The company installed over 700 photovoltaic modules for Mall Zofri under this model.
4. Utility-Scale Project Development: Development of large-scale solar projects like the 13 MWp Villacurí plant in Peru for CVC Energía, and the 145 MWp Andino Las Pataguas project with BESS storage. Projects include engineering, construction, and O&M services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels14 records

Core offering

Andes Solar is a Chilean solar photovoltaic EPC contractor and project developer that identifies, develops, engineers, constructs, and operates solar PV plants for industrial, commercial, mining, agricultural, utility, and public-sector clients across Chile, Peru, and Paraguay. Its three core service lines — Project Development, Engineering & Construction (EPC), and Operations & Maintenance (O&M) — are delivered across utility-scale plants, PMGD distributed generation projects under 9 MW, behind-the-meter self-consumption installations, and innovative floating solar and agrovoltaic solutions.

Product overview

Andes Solar is a specialized solar photovoltaic company that develops, constructs, and operates utility-scale solar plants and distributed generation systems across Chile, Peru, and Paraguay. Created from the experience of Iasol (Spain) and Constructora Inarco S.A. (Chile), the company operates three core business lines: Project Development, Engineering & Construction (EPC), and O&M Services. Their product portfolio includes PMGD (small distributed generation) projects up to 9 MW, utility-scale photovoltaic plants exceeding 150 MW with BESS storage capability, rooftop/self-consumption installations for commercial and industrial clients, and innovative solutions such as floating solar and agrovoltaic systems. The company has expanded internationally with operations in Peru (Villacurí 13 MWp project, 15 MW total portfolio) and a new partnership in Paraguay with EPESA.

Differentiator

Problem solved

Functional benefit

Products and services

• Desarrollo de Proyectos (Project Development Services) End-to-end project development for solar PV plants — from site identification and land acquisition through permitting, environmental approval, and investment readiness — sold primarily to investment funds and industrial clients in Chile and Peru.
• Ingeniería y Construcción (EPC Engineering and Construction Services) Full Engineering, Procurement, and Construction (EPC) services for solar PV installations including tracker systems (Seguidor), fixed-structure systems (Estructura Fija), and rooftop configurations, delivered to industrial, commercial, utility, and public-sector clients.
• Servicios O&M (Operations and Maintenance Services) Long-term operations and maintenance contracts for installed solar PV plants to ensure optimal performance and longevity, retained by Andes Solar after asset sale to investment funds or directly managed for industrial owners.
• Plantas Solares Fotovoltaicas a Escala de Servicios Públicos (Utility-Scale Photovoltaic Plants) Ground-mounted large-scale solar PV installations ranging from multi-MW to 145+ MWp, developed and constructed under EPC contracts for investment funds and energy companies in Chile and Peru.
• Proyectos PMGD (Pequeños Medios de Generación Distribuida)

Quantifiable outcome

• 66% waste valorization achieved at Ocoa II plant, with 17,099 kg of 26,379 kg total waste valorized through recycling (21.9%), composting (16.6%), and reuse (61.6%)
• +3 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• EPESAcoreStrategic or Co-development Partner · 1 October 2024Andes Solar signed a cooperation agreement with EPESA, one of Paraguay's main energy generators, to develop and implement innovative solar energy solutions. The partnership aims to strengthen renewable energy infrastructure development in Paraguay, serving industrial, commercial, agricultural, public, and private sectors. Andes Solar contributes engineering expertise, construction supervision, and technical leadership while EPESA provides local market knowledge and customer relationships.
• CVC EnergíacoreStrategic or Co-development Partner · 1 January 2024Andes Solar developed and is constructing the Villacurí photovoltaic project (13 MWp) for CVC Energía, a Peruvian energy distribution company. This marks Andes Solar's first major project in Peru and represents a significant step in their regional expansion strategy, with the plant contributing to decentralized generation and sustainability in the Ica region.
• IasolcoreOthersSpanish solar energy company Iasol contributed the foundational experience for Andes Solar's creation. Iasol has been present in Peru for at least 10 years, establishing the regional foundation for Andes Solar's expansion.
• Constructora Inarco S.A.coreOthersChilean construction company Constructora Inarco S.A. partnered with Iasol to create Andes Solar, providing local construction expertise and industry connections in the Chilean market.
• ACERA A.G.minorOthersActive member of the Chilean Renewable Energy and Storage Association. Andes Solar participated as Silver Sponsor in the 2024 Annual Meeting and has contributed to association events and sustainability initiatives.
• ACESOLminorOthersMember of the Chilean Solar Energy Association (ACESOL), participating in industry events like Proyecta Solar and contributing to discussions on circular economy integration in renewable projects.
• Asociación Peruana de Energías Renovables (SPR)coreOthersAndes Solar was elected to the board of the Peruvian Renewable Energy Association (SPR), participating in regulatory discussions and industry advocacy for renewable energy development in Peru. Daniela Schweiger serves on the SPR board.
• GIZ Cono SurminorStrategic or Co-development PartnerCollaboration with GIZ Cono Sur (German development cooperation) supporting water sector sustainability workshops in Peru, organized with Ministry of Housing and Ministry of Environment.
• Ministerio de Vivienda, Construcción y Saneamiento (Peru)minorOthersAndes Solar participated in government-organized workshop on water and sanitation management in climate change context, sharing solar energy experience with water service companies.
• Cámara de Comercio Peruano-ChilenacoreGTM or Marketing PartnerActive participation in Peruvian-Chilean Chamber of Commerce activities including commercial missions (agroindustrial, mining) and networking events, supporting market entry and relationship building in Peru.
• Total SolarminorStrategic or Co-development PartnerAndes Solar developed three PMGD solar projects (3 MW each) for Total Solar in Chile at locations including Cabildo, Talagante, and Melipilla. Total Solar is the French energy company's solar division.
• Kyklos / Chile Sin Basura 2040minorStrategic or Co-development PartnerAndes Solar joined the Chile Sin Basura 2040 challenge, implementing circular economy practices in project construction. The partnership achieved 66% waste valorization at Ocoa II plant, demonstrating sustainable construction practices.

Scale indicators8 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• Solarpack: Solarpack is a Spanish-origin solar PV developer and EPC contractor that expanded into Chile and other Latin American markets, directly comparable in business model (development + EPC + O&M), regional focus, and project scale (utility-scale and distributed generation) to Andes Solar.
• Grenergy: Grenergy is a Spanish renewable energy developer with utility-scale solar and BESS storage projects across Latin America (Chile, Peru, Colombia, Mexico), making it a close comparable on integrated solar + storage EPC delivery in the same geographies as Andes Solar.
• Sonnedix: Sonnedix is a global solar IPP with a meaningful portfolio in Chile, operating distributed generation and utility-scale PV plants. Comparable to Andes Solar in PMGD/distributed generation focus and Chile-centric operations, though at a larger scale and backed by JP Morgan Infrastructure.
• Solaria Energía y Medio Ambiente: Solaria is a Spanish solar PV developer and EPC contractor comparable to Andes Solar in origin (Iberian Peninsula roots), EPC + development business model, and expansion into Latin American markets. Both target distributed generation and utility-scale projects in similar regulatory frameworks.
• Atlas Renewable Energy: Atlas Renewable Energy is a US-based solar developer and operator with utility-scale projects across Latin America (Chile, Brazil, Mexico, Uruguay). Comparable to Andes Solar in Latin American utility-scale solar development focus and PPA-based revenue model, though at larger scale and with broader country footprint.

Broad incumbents

• Acciona Energía: Acciona Energía is a global renewable energy developer and operator with significant utility-scale solar and wind capacity in Chile. Competes with Andes Solar for the same large-scale tenders and corporate PPAs, but at much greater scale and as part of a broader wind+solar portfolio.
• Enel Green Power Chile: Enel Green Power Chile is the renewable arm of Enel Chile and one of the largest solar developers in the country, with utility-scale plants across northern and central Chile. Competes with Andes Solar for prime sites and tenders, though Enel operates with own balance-sheet financing at a far larger scale.
• Engie Energía Chile: Engie Energía Chile is one of the largest generators in Chile's central grid, with a growing renewables portfolio. Comparable as a customer/partner of Andes Solar and a competitor for utility-scale tenders, though it operates at a vastly larger scale across multiple generation technologies.

Regional players

• Mainstream Renewable Power: Mainstream Renewable Power is an Irish/Chilean developer focused on large-scale wind and solar in Chile (Aela Energía joint venture with Actis). Comparable in utility-scale renewable development focus in the Chilean market, though it primarily targets wind and wind+solar hybrid projects.
• Celeo Redes Chile: Celeo Redes is a Spanish-Chilean transmission and generation developer with renewable assets in Chile, including solar. Comparable as a regional renewable infrastructure player, though it is more weighted toward transmission and large-scale generation than distributed generation EPC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/andessolarsa
• LinkedInlinkedin.com/company/andes-solar
• Instagraminstagram.com/andes.solar
• Facebookfacebook.com/profile.php

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andes Solar