China's Hexing, Chile's Livoltek Sign 300kW Solar Hybrid Contract

Livoltek, a subsidiary of China's Hexing Group, has entered the Latin American market by securing its first energy service company (ESCO) contract in Chile, involving the installation of a 300kW solar PV-storage hybrid system for a dairy firm. The contract includes financing primarily provided by Hexing and reflects Chile's advanced renewable energy landscape and growing industrial demand for energy efficiency and backup solutions, especially following recent blackouts. Chile is also progressing towards electromobility, with laws mandating zero-emission vehicles and machinery by 2035 to 2045, aligning with Livoltek's strategic interests. Meanwhile, in the U.S., companies like Cheniere Energy are leading the country's dominance in liquefied natural gas exports, supported by favorable government policies and expansion plans. The U.S. also maintains a strong position in aerospace and defense sectors, with major companies shaping America's economic future. Additionally, economic uncertainties are driving increased investment demand for precious metals such as silver, contributing to price volatility, with analysts expecting continued robust industrial demand and rising net investment in silver as a portfolio diversifier.