25 Jul '12, 3pm

Is Utility-Scale Solar a Reality in Chile?: In 2012, nearly 3 gigawatts of solar energy projects were submitte...

Is Utility-Scale Solar a Reality in Chile?: In 2012, nearly 3 gigawatts of solar energy projects were submitte...

In 2012, nearly 3 gigawatts of solar energy projects were submitted for environmental review in Chile, of which 693 megawatts have already been approved. This accounts for 40 percent of all new generation seeking environmental approval in the country. Despite the enormous interest expressed by developers over the past year, only a single one-megawatt grid-connected project has been completed to this point. So why are we seeing so much activity? There are several explanations: the Atacama Desert offers some of the best solar radiation indexes in the world; the euro crisis; demand stagnation; cutbacks in traditional solar markets that are forcing companies to look elsewhere for new business; and speculators who have been securing land rights in the region. Who will be buying all of this power? To this point, most of the interest has been expressed by the Chilean mining indus...

Full article: http://www.greentechmedia.com/articles/read/Utility-Scale...

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