Chinese turnkey solar company, ET Solar, is supplying 4.8MW of its solar modules to two PV projects in Chile.
The two 2.4MW projects, named PSF Pama and PSF Lomas Colorades, are to be constructed in the Colquimbo Region, Combarbalá, and will generate a combined 10.84GWh a year.
Both projects are to be grid connected, with a power purchase agreement yet to be secured; PPA signing is scheduled for end of 2013.
The project is owned by Chilean investment company, Andacollo de Inversiones. The construction is being managed by Santiago-based renewable project developer, Coener SpA.
Dennis She, president and CEO of ET Solar, said Chile has “ideal sun hour conditions” and when combined with high electricity costs, he said “Chile is becoming a fast growing solar PV energy user and a great example of the grid-parity driven market”.
She added: “With the vast experience and expertise we acquired elsewhere in the world in the past decade, we are very confident to be a significant contributor to the growth of the renewable energy sector of the country.”