Suntech is targeting the South American markets and expects Brazil and Mexico to follow Chile’s lead on utility-scale solar.
The company is currently exhibiting at Intersolar South America.
“Chile, most notably, has grown into Latin America’s leading solar market with 400MW of PV generation under construction,” said Eric Luo, CEO, Suntech.
“But we see similar potential in Brazil, which is the largest electricity market in Latin America, yet derives only 1% of its electricity from solar power. We believe governments in all of these countries are moving to incentivise the growth of solar, and the demand for high-quality, durable PV modules will grow,” said Luo.
The company is continuing its expansion following its acquisition by Shunfeng.
“Suntech has already supplied 30MW of modules for projects in Mexico in 2013 and we believe that attending Intersolar South America will give potential customers from across Latin America the opportunity to learn more about our new business strategy,” said Robert Ho, sales director for the Americas.