Chile to evaluate renewables for 163 SMEs in Biobio
Chile's government received 163 bids for subsidies to renewable energy projects of small- and medium-sized enterprises (SMEs) in the Biobio region, the energy ministry's sustainable energy centre Cifes said Monday.
Most projects represent solar photovoltaic systems, followed by biomass and geothermal energy, mainly in the tourism sector, agriculture, commerce, forestry and institutions.
The government offers to co-finance up to 80% per project through a fund worth CLP 500 million (USD 828,000/EUR 738,000). The 163 bidders are competing for half of the sum, which will be awarded in the second half of 2015, while the rest of the fund will be offered in another competition.
The purpose of the co-financing is to improve the competitiveness of SMEs in Biobio through cost reduction, energy efficiency and the use of renewable energy, Viviana Huerta from Cifes said.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.