Trina Solar plans Chile development JV with Spain's Grenergy

Chinese PV group Trina Solar and Spain-based developer Grenergy Renovables have formed a joint venture to build solar plants in Chile, said a statement from the latter.

The two companies plan to build up to 60MW of capacity in the South American nation’s distributed generation sector, under the terms of a memorandum of understanding that could see them co-operate on other regional solar projects.

Trina and Grenergy will form a 50/50 joint venture with a view to building the first 6MW of capacity in the current quarter, the Spanish company said in a financial disclosure.

The two plan to build and sell the plants developed under the MoU.

Trina – the world’s largest supplier of PV modules by volume – is steadily expanding its downstream development interests outside China, and set up an office in Chile in 2012.

The country has emerged as one of the world's solar hotspots thanks to its excellent resources and supportive policies.

Madrid-based Grenergy has pipelines of 966MW of PV and 340MW of wind at various stages of development, according to its website.

The company’s project activities span Chile, Mexico, Peru and Spain.