ET Energy, an international leading clean energy developer and operator, reports that it has begun construction of two solar projects in Chile. These two projects form a part of a bigger portfolio of ten projects totaling 31.6 MWp, which are promoted by ET Energy under Chile's Program for Distributed Energy (PMGD). A key appeal of the PMGD projects is that they do not have to deal with many development and distribution challenges compared to other large scale projects.
These two solar projects are situated in the 6th Region of Chile south of Santiago. Each project is 3.168 MWp, generated by 9,600 polycrystalline panels fixed on single-axis trackers. Construction is scheduled to be completed within four months. Four new projects of a similar nature will kick off construction in the coming weeks. These projects will lead to jobs during construction, and introduce clean, renewable energy into the national grid, delivering electricity to consumers in the locality.
ET Energy, as a turn-key solar energy solutions provider, has made significant efforts to guarantee that project development and construction are executed smoothly, including proactively meeting with community leaders and local authorities to ensure that reforestation plans are set up to reduce the impact of the construction of the power plants.
Latin America is possibly the next emerging solar market; forecasts are for more than 40 GW of solar energy installations by 2021, of which Chile will be a crucial driver.
For us, the development and construction of these two projects demonstrate again our ability to develop and deliver high quality, investment grade solar assets in Latin America. With our global expertise in project development, financing, EPC and O&M, we continue to strive to deliver high quality assets to our clients.
Dennis She, ET Energy's President and CEO