“The entire Latin American region has a growing need for innovative and efficient energy solutions right now,” said
Chile’s National Energy Strategy outlines an ongoing effort to expand that country’s renewable energy capacity to 20% of total generated power by 2025. The grid-connected Luz del Norte project will contribute significantly to this goal.
Chile’s Atacama Desert receives some of the planet’s steadiest concentrations of direct sunlight, presenting ideal conditions for solar power generation. Widespread utilization of this tremendous resource is relatively new, and First Solar’s OPIC-supported Luz del Norte project represents an important advancement for development of solar energy in the region.
“OPIC is proud to be playing an instrumental role in supporting investments in renewable resources around the world,” said
First Solar, a leading global provider of comprehensive photovoltaic (PV) solar power systems, is headquartered in
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guaranties, political risk insurance, and support for private equity investment funds.
Established as an agency of the
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