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Rising from the desert, solar-thermal giant defies Musk battery

South America's only solar thermal project is taking up construction again, but the technology it uses risks being taken over by a cheaper alternative.

Photo: /ritzau/AP/Ben Macmahon

South America’s only solar-thermal project is resuming construction just as the technology it uses risks being overtaken by a cheaper alternative.

Cerro Dominador had been gathering dust on the plains of Chile’s Atacama Desert for more than two years after former co-owner Abengoa SA got into financial difficulties. The company finally sold its stake to its partner, private equity firm EIG Global Energy Partners LLC, which in May secured the USD 758 million needed to finish the USD 1.1 billion plant.

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