China-based solar photovoltaic modules and wafers manufacturer ReneSola has agreed to supply multicrystalline solar modules, totaling 29.1MW to Singapore-based Saferay.
As per the agreed terms, ReneSola will supply 7.5MW of solar modules this month and an additional 21.5MW of solar modules in January 2014.
These solar modules will be employed in La Huayca II solar power plant, which will expand the 1.4MW La Huayca I plant to 30.5 MW.
Commenting on the deal, Saferay managing director Thomas Gnefkow said that the La Huayca II is expected to be the first merchant provider of solar electricity to join Chile’s Northern Interconnected Electricity grid.
"The power plant, which is the first utility-scale PV plant worldwide with no PPA, government subsidies or FIT support, will sell electricity into the spot market just as conventional power plants do. ReneSola’s timely delivery, competitive pricing and efficient modules will be key to maintaining our cost position.
"We look forward to working with the company and hope to continue our relationship as we expand our global network of large-scale PV power plants," added Gnefkow.