The innovative energy and power electronics company AEG Power Solutions has announced plans to open a new branch based in Santiago, Chile. The new Chilean branch will focus on the Andean nation’s solar power potential.
AEG Power Solutions is a well-established player in the international energy electronics market, with experience in solar technology in particular. Over the past few years, they have worked on more than 860 large-scale solar projects across the globe.
“After South Africa and India, developing a direct presence in Chile is part of our solar expansion strategy,” Bob Roos, representative of AEG’s strategic solar business unit said in a statement. With a focus on Chilean solar markets, the company also seeks to use Chile as a springboard into other Latin American markets.
Luis Garcia, former managing director of the energy company OpciónDos that was recently acquired by AEG, will head the Santiago branch.
“Chile is the place where the photovoltaic power generation is competing against more mature technologies face to face,” Garcia said in a statement. “This is the right place to understand the dynamics of the new photovoltaic era.”
AEG has worked for over a decade in Chile already supplying hardware to companies like Codelco, Transelec, Celulosas Arauco, and Tren Electrico de Santiago.
Interest in Chilean solar power potential has skyrocketed since a study released last year determined that Northern Chile’s Atacama Desert had higher solar radiance than any other place on the planet.
Scientists at the Global Energy Network Institute determined that all of Chile’s energy needs could be met by capturing the solar energy in only 18.25 square miles (47.27 km²) of the Atacama.
Chile currently generates 873 MW or 4.9 percent of its energy through non-conventional sources. AEG’s efforts represent just some of the activity that will aid the government reach its current target of 10 percent renewable energy by 2024.