China Spends Big Bucks On Solar Energy Investment In Chile

The skies the limit for the Chinese solar these days and now the country is reported to be investing $900 million in a solar energy park in the Andean country of Chile.

According to Reuters Chinese renewable energy company Sky Solar and China Development Bank have joined forces with the Chilean industrial group Sigdo Koppers for the 300 megawatt (MW) solar energy project.

The move accompanies the visit of Chinese Premier Wen Jiabao to Chile on the final leg of  an official visit to Latin America. The Chinese leader took part in a signing ceremony with President Pinera of Chile, alongside the CEOs of Sky Solar, the China Development Bank and Sigdo Koppers recently.

According to Sky Solar, the solar park project is expected to get underway this year. The first stage will be a 2MW pilot project, followed up by an 18MW ground-mounted project. Once these two schemes are up and running the remaining building works will begin and are expected to be carried out over the next 18 months…. Read more

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