Oceanus seeks capital for Chilean hydro and water project

15 May 2020 - 12:00 am UTC

Californian developer Oceanus is raising development capital for an integrated pumped hydro and desalination project in northern Chile, according to the group’s financial adviser Energy Estate.

The USD 550-650m project will treat over 1,000 litres per second of seawater and produce 200 MW of dispatchable energy as well as 16 hours of energy storage.

Sydney-based Energy Estate was hired on Thursday to manage the capital raising, principal Simon Currie told SparkSpread.

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