On June 19th, 2012, Chinese Premier Wen Jiabao and his entourage left Beijing
for an official visit to four countries in South America, arriving on the
afternoon of June 25th in Santiago, Chile, the last stop of his trip. On the
evening of his arrival, Premier Wen attended a welcome banquet hosted by
President Sebastian Pinera. Before the start of the officially scheduled
activities, Premier Wen met with staff from the Chinese Embassy and
representatives of overseas Chinese in Chile as well as representatives of
Chinese enterprises with investments in Chile. CEO Mrs. Amy Zhang attended on
behalf of Sky Solar.
Premier Wen and President Pinera held a range of meetings, including the
announcement of a strategic partnership completing the supplementary agreements
to the bilateral free trade agreement. Premier Wen and President Pinera agreed
to set up a structure for cooperation between the two governments and to
develop a common action plan between the two countries.
During the visit, representatives from the Chinese Embassy and Trade Commission
in Chile, ProChile, the Minister of Foreign Affairs, and key representatives
from the Chilean financial firms and institutions attended a signing ceremony.
Mrs. Amy Zhang, CEO of Sky Solar, Mrs. Guo Mingshe, Planning Director for China
Development Bank and Mr. Christian Brinck, CEO of Sigdo Koppers represented the
three parties and signed a cooperation framework agreement for the investment
in and construction of 300MW of solar photovoltaic power plant projects in
Chile with a total investment of US$900 million. This collaboration formally
begins the start of the grid-parity solar PV market in South America.
Sky Solar has long been committed to the development of grid-parity PV markets.
In early 2010, Sky Solar began to develop and invest in a number of high sun
irradiation countries, the most important of these being Chile. Chile’s
politically stable government and policies, strong investment environment,
electricity demand and the governments increasing focus on renewable energy
makes it one of the most attractive PV markets in the world. During Shanghai’s
SNEC PV exhibition in May 2012, Sky Solar officially announced their Chilean
projects and achievements and declared a new era of global energy
commercialization of PV grid-parity projects.
Sky Solar & Sigdo Koppers have been developing a pipeline of more than 300MW of
PV projects over a number of stages. Sky Solar expects to gradually break
ground this year starting with a 2MW pilot project followed by an 18MW ground
mounted project. The remaining projects are expected to be at least 150MW and
will be carried out over the next 18 months.
Sky Solar is a leading global renewable energy and PV power plant developer,
investor and operator. Sigdo Koppers is a leading Chilean company focusing on
construction and industrial installation. Together, both companies believe that
their cooperation on building a series of PV power plants is a significant
milestone in the promotion of bilateral economic and trade between the two
countries, and will greatly improve Chile’s renewable energy development.
In addition, China Development Bank, a Chinese government owned financial
institution enjoys a sovereign grade credit rating and plays a pivotal role in
helping finance and support infrastructure and construction of large-scale
projects both in China and abroad. A focus of China Development Bank is in the
renewable energy field, where they hold a wealth of experience. In early 2012,
China Development Bank entered the Chilean energy market and has promised to
give its greatest effort and support for the project financing of renewable
Throughout its active involvement in the Chilean renewable energy market, Sky
Solar has continually been offered great help and assistance from the Chinese
Embassy and Trade Commission in Chile, various departments of the Chilean
government, the Chilean Embassy in Beijing and the Chilean Consulate in
Shanghai. In particular, the Trade Commissioner based in the ProChile office in
Shanghai has played an integral role in the success of Sky Solar’s business
development in Chile. This assistance has further strengthened the confidence
that Sky Solar has in the investment, development and execution of PV projects
SOURCE: Sky Solar