Rockville Energy
Business Description
Founded in December 2020, Rockville is focused on the acquisition of Solar PV projects located in Chile
Fondo de Inversión Rockville Solar Energy engages in the investment of solar photovoltaic (PV) power plants in Chile that operate under PMGD regime.
Fondo de Inversión Rockville Solar Energy engages in the investment of solar PV power plants in Chile that operate under PMGD regime.
The Fund capitalizes a Holding company, Rockville Energy Holdings SpA (referred as Holding), used as a special purpose vehicle (SPV) to acquire projects.
This structure allows the sale of operational projects through the Holding, allowing foreign investors to capture a smaller 10% tax rate (vs the statutory 35%) (1).
An outsourced company is responsible for the maintenance, commercialization, invoicing, accounting and audit of the whole operations.
Portfolio assets will be producing energy at a constant price throughout the next 14 years under the PMGD regulation which will no longer be accessible for new projects, due to the implementation of block of hours price policy (2).
Sources: (1) Information gathered through Company’s VDR (2) Willkie Farr & Gallagher LLP report
Shareholder Structure
Key Investment Highlights
Internal
Portfolio under DS244
PMGD Regulation
Chile’s PMGD regime grants several advantages including network dispatch priority over non-PMGD project.
Rockville assets operate under the previous PMGD regime that ensures a stabilized price throughout the day instead of a block of hours price policy resulting in a 20% higher turnover.
Assets
Location
20 Projects strategically located across 10 different regions with high solar potential and proximity to transmission lines and solar infrastructures.
All projects are located north of Maule river, considered as a safe and secure location.
Portfolio
Administration
Rockville Energy relies on an experienced outsourced team responsible for the maintenance, commercialization, invoicing, accounting and audit of the whole portfolio.
External
Industry
Growth
Growing consumer demand for renewable energies sustains a shift towards green and renewable energies.
Climate awareness and an exponential cost reduction associated to solar alternatives constitute the main factors towards that shift.
Chile’s
Attractiveness
Chile is considered as the second most attractive country worldwide when considering emerging markets for clear energy investments (1) and one of the strongest investment destinations in Latin America combining both a financial, social, economic and political stability.
Solar Investment
Benefits
Clean solar energy can generate attractive financial benefits including state or local incentives, tax breaks and cash incentives.
Solar also constitutes as an unlimited energy source with low ongoing costs after initial investment.