View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
January 11, 2013

First Solar buys Chilean PV developer

Photovoltaic (PV) systems provider First Solar has acquired Chilean solar projects developer Solar Chile for an undisclosed sum.

By admin-demo

First solar_PV

Photovoltaic (PV) systems provider First Solar has acquired Chilean solar projects developer Solar Chile for an undisclosed sum.

The Santiago-based solar development firm has a portfolio of 1.5GW PV power projects in Regions I, II, III and XV in northern Chile, including the Atacama Desert region.

Fundación Chile, an early investor in Solar Chile, will continue to provide its ongoing consultation services.

First Solar chief executive Jim Hughes said of the acquisition: "Combining Solar Chile’s market knowledge and promising project portfolio with First Solar’s resources, technology and strong execution track record offers Chile a rapid and proven path to add significant solar generation capacity.

Fundación Chile president Alvaro Fischer said the acquisition of Solar Chile by First Solar is "a milestone of enormous significance to our country".

"It highlights the tremendous potential that solar PV energy has to change the demography and the economy of northern Chile, opening it up to new opportunities beyond mining and fishing, into water desalinization, hydrogen production or large green data centers," added Fischer.

First Solar, which has constructed over 600MW of PV power projects worldwide, has a global development pipeline of projects totalling 3GW under contract to utilities.


Image: Solar Chile has a portfolio of 1.5GW solar power projects. Photo: courtesy of First Solar.

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology