The new JV firm, based in Santiago de Chile, will initially focus on developing 130MW of projects featuring JA Solar’s modules.
The first collaborative projects are scheduled to come on line later this year.
Soventix’s pipeline in Chile includes over 250MW of projects in several stages of development and implementation.
Soventix Chile CEO Thomas Stetter said: "We are pleased to partner with a premium module manufacturer like JA Solar.
"Having a technically and economically strong module supplier enables us to move rapidly into the detailed engineering stage of our projects, as well as progressing in raising capital."
JA Solar said the company seeks to take part in the earliest stages of project development because it allows it to secure supply agreements early on.
JA Solar general manager for project development Giovanni Landi said: "This operation in Chile confirms our commitment to the Latin American market, since it builds on projects we have already started developing in Mexico and Panama."
The average electricity demand in Chile has increased between 5% and 6% annually on the country’s main transmission networks since 1998.
Chile’s electricity demand is estimated to reach 5.4% to 6.4% annual growth through 2022.
Image: Soventix and JA Solar will initially develop 130MW of solar PV projects in Chile. Photo: courtesy of Anusorn P nachol/FreeDigitalPhotos.net.
