Yingli opens office in Chile
Chinese PV supplier Yingli Solar has appointed Robert Muhn as managing director of its new office in Chile, its third in Latin America.
"Chile is a high-potential solar market and home to some of the strongest solar irradiation in the world, particularly in the Atacama Desert [northern Chile]," says Muhn.
Yingli plans to focus on utility scale projects, but Muhn also pointed out that Yingli sees potential in Chile's solar PV rooftop sector because of high local energy prices.
Speaking recently in San Francisco, a Yingli executive suggested that the biggest solar opportunity in Latin America may lie in the distributed-generation sector.
Yingli says it already has 25MW installed in Chile. The South American country has 448MW of solar PV plants in operation.
Yingli has already opened offices in Mexico and Brazil, where it also has warehouses to distribute its products. In Brazil, it also sponsored the World Cup 2014 and supplied panels, adding up to 900kW, for one the stadiums used in the World Cup.
Citing GTM Research, Yingli said Latin America could install 700MW of new solar PV capacity and should top 1GW in 2015. In coming years, GTM said the region should grow at 50% a year.