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Rising from the Desert, Solar-Thermal Giant Defies Musk Battery

Aug. 7, 2018, 2:16 PM

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 $758 million needed to finish the $1.1 billion plant.

“It hasn’t been easy to get here, we’ve gone through some dark hours when we didn’t ...

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