Chile trying to ramp up renewable energy


As concern about future energy supplies continue to mount here, Chile’s government is pressing to expand renewable power. Over the past year, it has introduced an array of subsidies, tax incentives and other reforms to give the sector a boost. “Chile now has adequate legislation that is evolving fast, and that’s very different from just four years ago, when the possibilities for building renewable projects were almost nil in this country,” says Javier García, deputy head of investment and development for the Chilean Economic Development Agency (Corfo). Last October, the Chilean finance ministry announced it was giving US$400 million to Corfo to boost renewable-energy development through long-term loans, loan guarantees, support for the construction of electric transmission lines and geothermal exploration. With... [Log in to read more]

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