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Published on July 20th, 2013 | by Adam Johnston

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First Solar Boosts Unsubsidized Solar Energy In Chile With 162 MW Bid

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July 20th, 2013 by
 
First Solar is helping to boost Chile’s solar potential.

The Arizona thin-film manufacturer put in a bid recently for the 162 MW Luz del Norte project, according to Greentech Media

Image Credit: Chile Flag via Shutterstock

Image Credit: Chile Flag via Shutterstock

Worth $370 million, construction of the Luz del Norte plant is scheduled to begin June, 2014 and use more than 1.7 million panels.

In order to put a foot in the Chilean solar industry, First Solar purchased earlier in 2013 Santiago-based developer Solar Chile, which had numerous projects in the early stages of development totaling 1.5 GW.

First Solar’s plans to go unsubsidized with its projects could help Chile reach its aim of 2.2 GW of solar energy within 15 years.

This gives it an advantage over other countries whose unsustainable subsidy programs had created boom bust solar markets, pointed out by Greentech Media:

Less-than-optimally-managed subsidy programs in Spain, Italy, and the Czech Republic have led to booms followed by busts. First Solar has declared its intent to supply sustainable markets, move away from subsidized markets, and to grow its construction projects relative to module sales. This move into Chile is an example of First Solar making good on that promise.

With Latin American & Caribbean solar markets expected to expand by an annual compound growth rate of 45%, Chile is ready as a leader in sustainable energy within the region. Brazil, Mexico, and Chile are expected to have 70% of all the solar energy market in the Latin American and Caribbean area by 2017.

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About the Author

is a University of Winnipeg graduate who received a three-year B.A. with a combined major in Economics and Rhetoric, Writing & Communications. Adam is currently attempting to become a freelance social media coordinator. His eventual goal is to be a cleantech policy analyst, and is currently sharpening his skills as a renewable energy writer. Adam is also working on a book on cleantech and how to relate it to a broader audience. You can follow him on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com.



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