06 Mar '12, 7pm

Chile Considers Bill to Boost Renewable Energy

Also the campaign promise of President Piñera to reach a goal that 20 percent of the energy demand in Chile is supplied by renewable energy by 2020, provides the political backdrop required for new legislation. Recently, the Chilean Senate approved a bill that would move to country toward more widespread adoption of non-conventional renewable energies. The Current Law The law set forth a goal of 10 percent of power generation by 2024 to be supplied by non-conventional renewable energies; starting at 5 percent between 2010 and 2014 and increasing 0.5 percent yearly from 2015 until reaching the proposed goal. However, the 5 percent is calculated over the basis of power supply agreements entered into after 2008, so currently the real goal is approximately 2.5 percent. This obligation must be complied by the power generation companies, subject to fines that currently go from $...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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