The move is a part of Soventix’s efforts to develop solar projects in countries outside Europe with strong market potential due to high solar radiation and raising energy costs.

The joint venture will initially develop 130MW of solar projects using JA Solar modules.

JA Solar project development general manager 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."

JA Solar president Jian Xie said: "A central element of our market entry strategy is to participate at the earliest stages of project development.

"This enables us to secure supply agreements early on, as well as to be influential in the project implementation and not act simply as a vendor."

Currently, Soventix Chile is implementing 250MW of projects, which are in various stages of development and implementation.

Soventix Chile CEO Thomas Stetter said: "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."