First Solar forms partnership in Chile

Citing, "significant energy demand and abundant solar resource," First Solar will partner Solar Chile in the region, which itself it a subsidiary of Fundación Chile. In a statement announcing the strategic alliance, First Solar says that northern Chile has some of the best irradiation in the world and that Fundación Chile has been working with regional governments in the Atacama Desert to develop the projects there.

Cristián Sjögren, CEO of Solar Chile said: "Together we will transform Chile into the first country in Latin America to generate solar energy at competitive prices."

Fundación Chile, Solar Chile’s parent, is a non-profit private corporation whose partners are the Government of Chile and BHP-Billiton. As such it is working to develop a solar cluster in the developed south-American country.