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

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:
More cleantechnica.com

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