Oct 15, 2013 - Chile's energy ministry will organise annual public tenders for supplies from renewable energy projects to facilitate and expand clean power generation, according to a new law promulgated yesterday.
The law sets a goal to increase Chile's renewable energy generation to 20% of its electricity sales by 2025. The move is aimed at reducing barriers to these technologies, increasing competitiveness in the sector and reducing dependence on fossil fuel.
In the first eight months of 2013, Chile's renewable energy output grew 33% year-on-year to 2,581 GWh. The country has mainly bioenergy, wind and mini hydro plants.
In addition, Chile published another law yesterday to speed up procedures linked to power generation and transmission concessions, reducing their duration to 150 from 700 days.
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.