Chile is aiming to produce 70% of its energy using renewable sources by 2050. This will provide European companies and investors with significant opportunities, writes Mauricio Munguia, Santander’s Latin American Desk Head, for Renewable Energy Focus.
Driven by the pledges made at last year’s COP21 climate change conference in Paris, economies across the globe are decarbonising; increasing the proportion of renewable sources in their energy mixes. In fact, the Chilean government has taken up the renewables baton – with the aim to produce 70% of the country’s energy from renewable sources by 2050.
Certainly, the government of President Michelle Bachelet is offering concessions for infrastructure projects via a Public-Private Partnership (PPP) structure which will be very familiar – and attractive – to European companies.
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