Solar Power Thrives In Chile, No Subsidies Needed

William Pentland, Contributor for Forbes:  In Chile’s most recent power auction, the bids from solar project developers came in at between $65 and $68 per megawatt hour (MWh) were considerably more competitive than bids made by coal plants, which were priced at $85 per MWh. Solar power projects were awarded the lion’s share of the 1,200 gigawatt hours (GWh) of electricity contracts sold.

Chile boasts one of the world’s biggest solar resources. High electricity prices and strong demand from Chile’s mining industry have driven demand growth for solar, especially large scale commercial or utility projects.

The total installed solar capacity in Chile increased from less than 4 MW in 2013 to more than 220 MW last year. Nearly 1 GW of solar is projected to be installed in Chile in 2015. Meanwhile, a total of about 8 GW of solar power projects have been approved for development in Chile. First Solar and SunEdison are two of the biggest U.S. solar companies active in Chile.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

AllEarth Renewables - The Solar Tracker

AllEarth Renewables - The Solar Tracker

Designed and manufactured in the U.S., the AllEarth Solar Tracker is a complete grid-tied, dual-axis solar electric system that produces up to 45% more electricity than fixed systems. The tracker uses GPS and wireless technology to follow the sun throughout the day for optimal energy production. It has an industry-leading 10 year warranty and 120 mph wind rating, superior snow shedding, and automatic high wind protection. Its simple, durable design and complete system pallet simplifies costly procurement and installation time. Contact us about becoming a dealer partner.