01 Mar '14, 1am

Latin America Report: How Chile Is Shepherding Its Renewable Energy Expansion #renewableenergy

With more than 10.1 GW in projects in the pipeline approved but not yet built, CER is launching new funding programs to help get more of them grid-connected , emphasizing 50-MW size ones and smaller. Among these plans: 1.3 billion pesos (U.S. $2.3 million) in funding to develop and finance grid-connected projects in the coming year, plus another 2.3 billion pesos ($4.1 million) for self-supplying renewable energy systems. CER and the German Development Bank (KfW) will launch a 330 million peso program (around $600,000) to help shepherd more of the projects within that vast pipeline. Also in March the CER is pledging 1 billion pesos ($1.8 million) to back engineering studies for projects in the pre-investment stage, and allocating 2.38 billion pesos ($4.3 million) to back smaller projects to develop renewable energy systems for self-consumption; an example is the nation's d...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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