Chile: ready for renewable energy?

Last Tuesday, Chilean president Sebastian Piñera published the new strategy that will govern Chilean energy policies until 2030. While the plan maintains a strong dependency in hydroelectric power growth, it does bring an important focus on energy efficiency and non conventional renewable energy sources.

On the energy efficiency front, the goal is to reduce by 12% the projected energy demand for 2020. To achieve this, the plan proposes the development of a guide for the public and private sectors to help materialize their energy efficiency potential, incentives for organizations that lead the way, creation of standards and labeling, programs for residential and public efficient illumination, among others.

As for the non conventional renewable energy sources, the focus is on updating the current legislation to facilitate the research, development, and deployment of renewable energy sources, creation of subsidies for R&D, development of a centralized platform with dynamically updated information about terrains suitable for different technologies, creation of ad-hoc financial instruments and economic incentives (insurance, loans, subsidies, private investor plans).

Also remarkable, the new strategy establishes the intention of advancing towards a better connection with the region by supporting a number of initiatives that point towards a more interconnected South America.

Undoubtedly, this represents a great opportunity for all players in the renewable energy industry and the perfect chance to become an early player in the scene. At Blue Power Projects we are prepared to help you navigate through the legal nuances, finance channels and institutions, performing the necessary studies and providing the expertise you need to help your organization develop great solutions.

Sincerely,
Francisco Dagnino
CCO & Co-founder
Blue Power Projects