21 Jul '12, 4am

Latin America Climate, Energy and Environment News: 7/16- 7/20/2012

Given the dramatic decrease in costs and increasing efficiency of solar modules, it is becoming increasingly viable to finance and build competitive solar projects in Chile. This is one reason why First Solar, one of the largest developers of solar power plants in North America, is beginning its Latin American expansion in Chile . The company hopes to build at least two plants, each ranging between 50 and 100 megawatts in 2013. The Director of Development for Latin America, Kim Osterm, says that Chile is a priority because it has abundant sunshine and a strong need for energy. She adds that the greatest potential to build solar plants is in the mining areas, which are located in the first, second, and third regions, due to the fact that the industry is growing and that it relies on energy for its operations (Diario Financiero 7/20/2012). The energy company, Fotones Renewab...

Full article: http://switchboard.nrdc.org/blogs/amaxwell/latin_america_...

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