With 261 renewable energy projects currently in the pipeline, Chile offers renewable energy companies a market teeming with potential. In a recent article for Renewable Energy World, Santander’s Latin America Desk Head, Mauricio Munguia, discusses the opportunities presented by the market, for both private-sector initiatives and export.
Indeed, with an ambitious aim to generate 70% of its electricity via renewable sources by 2050 – and world-class wind, solar, hydro, geothermal, wave and tidal resources – Chile is considered by many to be one of the world’s top renewable energy markets. Furthermore, it has restructured its energy supply auctions, and established a tax on carbon emissions, in an effort to mitigate the barriers to entry for non-conventional sources.
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