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Chile

  • Chile reforming energy policy with $100m IDB loan

    December 5, 2016

    The Inter-American Development Bank (IDB) approved a $100m loan for a programme to improve Chile’s energy sustainability through reforms in the sector, helping the country reach its goal of 20% non-conventional renewables by 2025. Under the programme, Chile will develop a long-term energy policy, which aims to encourage the use of renewable energy sources, boost competition in […]

  • Chile announces 400 MW wind tender

    December 1, 2016

    Chile has launched a new tender for wind energy to be developed near the remote northern city of Taltal. The land has potential for almost 400 MW of wind energy, said Chile’s energy minister, Andres Rebolledo. The latest tender will be awarded to the company that offers the government the highest rent, including a fixed […]

  • Argentina and Chile exploring tidal energy

    November 30, 2016

    Swedish tidal energy company, Minesto, is in Chile and Argentina this week meeting with high level officials to explore potential for tidal energy in the two countries. The trade mission called Green Tech Sweden is coordinated by Business Sweden and led by the Swedish Minister for EU Affairs & Trade, Ann Linde. Minesto has had the […]

  • Chile connects Latin America’s largest solar plant to the national grid

    November 23, 2016

    Acciona Energía has completed the 246 MW El Romero solar plant in record time, says general manager José Escobar. Located in the Atacama desert of Chile, the US$343 million plant is the largest in Latin America, featuring 776,000 polycrystalline silicon PV modules that are spread over a 280 hectare area. The plant is designed to […]

  • Financing secured for large wind farm in Chile

    November 22, 2016

    Three banks will finance 115 MW wind farm in Chile. Japan’s SMBC, France’s Credit Agricole, and Norway’s DNB have agreed to provide financing for the proposed Cabo Leones 1 Wind Farm in Chile’s Atacama Desert. Spanish energy company, Ibereolica and France’s EDF Energies Nouvelles closed financing with the three banks, according to two sources with […]

  • Chile plans 1GW solar park

    November 17, 2016

    Chile plans to develop a 750 MW to 1 GW solar park to support the mining industry in the Atacama region. The new solar park, “Solar District” will need $4 billion of investment and create 3,000 jobs in the process. Plans for the solar park were announced at COP22 in Morocco by environment minister, Pablo […]

  • SolarPack sees Chile’s low renewable energy prices here to stay

    November 6, 2016

    Concerns over falling prices in the renewables market were quelled by Spanish solar provider SolarPack, who expressed that they have “very few doubts” in the long-term sustainability of renewables. Questions have arisen from analysts and attendees at the CIREC conference in Santiago last week, asking about the availability of financing for projects such as Granja […]

  • Success for solar in electricity auctions in Latin America

    November 5, 2016

    October 20, 2016 The costs of solar power continue to drop in Latin American countries, with electricity being sold for as low as US$30 per MWh in some cases. Mexico awarded more than 3.6 GW of solar at auctions this year and in Chile, a new trend was confirmed. Renewable energy providers are winning contracts […]

  • Rock bottom solar prices here to stay in Chile

    October 31, 2016

    Solar prices continue to fall globally, and that remains absolutely true in Chile where the last solar bid was awarded to SolarPack at a record breaking price of $29.10. SolarPack’s Head of Operations in Chile and Peru, Inigo Malo de Molina, told reporters last week, “Though there are voices saying they have doubts, the truth is that we […]

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