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Chinese solar firm to build 300 MW grid parity PV project in Chile

Sky Solar to invest and construct PV plants in South American country costing USD 900m

The PV projects totalling 300 MW will be built in Chile, South America

A Chinese solar plant developer is to construct a 300 MW grid parity PV project in Chile. China’s Sky Solar has signed a cooperation framework agreement for the investment and construction of a series of solar photovoltaic power plants in the country with a total investment of USD 900m. The collaboration formally begins the start of grid-parity solar PV projects in South America.

Sky Solar & Chilean construction firm Sigdo Koppers have an arrangement for the PV power plant projects totalling more than 300 MW set over a number of stages. Sky Solar expects to gradually break ground this year starting with a 2 MW pilot project followed by an 18 MW ground mounted project. The remaining projects are expected to be at least 150 MW and will be carried out over the next 18 months.

The companies believe that their cooperation on building a series of PV power plants is a significant milestone in the promotion of bilateral economic and trade between the two countries, and will greatly improve Chile’s renewable energy development.

Sky Solar said: “Sky Solar has long been committed to the development of grid parity PV markets and in early 2010 began to develop and invest in a number of high sun irradiation countries, the most important of these being Chile. Chile’s politically stable government and policies, strong investment environment, electricity demand and the governments increasing focus on renewable energy makes it one of the most attractive PV markets in the world.”