Chilean Government Backing 51 New Renewable Energy Projects

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

The Chilean government has once again shown it’s growing support for renewable energy development in the country with its recent announcement of backing for 51 new renewable energy projects, as per recent reports.

The new projects — which will together comprise 740 MW of power capacity if/when completed — are of varied type, with 12 being solar projects, 15 being wind projects, 15 being “small hydro”, and 7 being biomass.

Image Credit: Flag via Flickr CC

While certainly welcome, the support isn’t exactly a surprise, the country possesses some of the best solar resources in the world — not developing them would probably be more of a surprise than substantial government-backing is.

Sustainnovate explains and provides more:

Solar power is competitive with other energy options there even without any government support. However, the Chilean government has just announced that it would support 51 renewable energy projects that combine to provide 740 MW of power capacity.

It is awarding CLP780 million (US$1.3 million) for early-stage development of these projects. For example, the funding is to support co-financing and pre-investment studies regarding the projects. While the 740 MW total is huge, the individual projects are each supposed to be under 50 MW.

This recent move is in keeping with the government’s stated aim to develop local sources of renewable power capacity as opposed to relying completely on (increasingly) expensive oil and other fossil fuel imports. Expect to see such moves (by the Chilean government, and others around the world) become increasingly common in the near-future as economically recoverable fossil fuels become increasingly scarce, and the market prices for them increasingly volatile.

Image Credit: Flag via Flickr CC

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica TV Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

CleanTechnica uses affiliate links. See our policy here.

James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

James Ayre has 4830 posts and counting. See all posts by James Ayre