"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