JR Ortiz Group Builds Its First Gigawatt in Latin America

This is a machine translation of the original release issued in Spanish

PRESS RELEASE from Grupo JR Ortiz
June 19, 2024

A Great Milestone: JR Ortiz Group Builds its First Gigawatt in Latin America Santiago, June 19, 2024.- The JR Ortiz Group, with more than ten years of presence in Chile, has exceeded 1,000 MW of connected photovoltaic solar power in the region, contributing significantly to sustainable development and innovation in the Latin American energy sector.

With more than 70 projects executed in Chile since 2013, Grupo JR Ortiz has become a benchmark in the construction of photovoltaic plants in Latin America, especially in Chile, where it has promoted the development of solar energy through the installation of photovoltaic plants in the area. north, center and south of the country.

Grupo JR Ortiz has reached a significant milestone by surpassing the 1 gigawatt (GW) mark of installed capacity in Latin America. This achievement underlines its contribution to the energy transition, the reduction of polluting emissions and the generation of jobs. Currently, the conglomerate has 1,000 MW connected and has more than 1 GW in its portfolio, generating more than 250 jobs in Latin America. This expansion reflects its commitment to sustainable development and its ability to adapt to the energy needs of the future, driving economic growth and supporting local communities by creating job opportunities and promoting clean technologies.

Commitment to Sustainability

At Grupo JR Ortiz, the commitment to the transition towards a cleaner and more sustainable energy future is a priority. The installed capacity of 1 GW includes a combination of renewable energy projects and innovative solutions that help reduce carbon emissions and promote the efficient use of energy resources. From a comprehensive approach, they promote sustainable development considering not only the generation of clean energy, but also the implementation of sustainable technologies and practices in their projects.

“Our experience connecting more than 1,000 MW shows that we can and must continue working in a line where the success of our clients is a priority, even above our own results. We understand that the renewable energy market should not be based solely on comparisons in an Excel spreadsheet,” highlights José Ramón Ortiz, President of the conglomerate. He adds that this process, where the interests of his clients and the Group converge, will lead to growth in the sector and be sustainable over time.

High technical knowledge and constant evolution allow Grupo JR Ortiz to guarantee excellence in all its projects. The implementation of the latest project in the Maule region has made it possible to supply clean energy to practically 136,000 homes in Chile and reduce 147,000 tons of CO2 equivalent per year. “This achievement reflects our unwavering commitment to innovation and sustainability, and demonstrates our team's ability to overcome complex challenges and deliver quality energy solutions that benefit both our customers and the environment,” adds Ortiz.

Looking to the future

The 1 GW result is just the beginning. The company will continue to expand its presence in America, the United States and Europe, developing projects that will contribute to a more sustainable energy future. “The Group's projections are to maintain the growth percentage of the last five years in Latin America and increase it exponentially in other markets such as North America. We are excited about the opportunities ahead and to continue working alongside our clients to achieve new goals. The installed capacity of 1 GW is a testament to the hard work and dedication of our team, as well as the trust our clients have placed in us,” explains José Ramón Ortiz. In addition, it highlights the positive impact they are generating in local communities and economies, underlining the JR Ortiz Group's commitment to a cleaner and more sustainable future.

This milestone not only marks significant progress for Grupo JR Ortiz, but also establishes an important precedent in the region's energy sector, driving the development and adoption of clean and sustainable technologies. ________________________________________________________________________________ ABOUT JR ORTIZ GROUP JR Ortiz Group is a business holding company formed by different companies from different fields and sectors, which work in the area of renewable energies, financial investments and real estate management, both in Chile and in the United States, Peru, Colombia and Spain.