The U.S. government’s Overseas Private Investment Corporation (OPIC) increased clean energy financing in 2017, despite the arrival of the Trump Administration and an ongoing investigation.
Although official statistics report that grid-connected PV capacity reached 1.82 GW as of the end of December 2017, the completion of two large-scale projects totaling 215 MW in early January has raised Chile’s total installed power to around 2.04 GW.
The head of the Chilean Economic Development Agency (Corfo), Eduardo Bitran said that Tesla may partner with local lithium manufacturer, SQM in the construction of a factory. The Chilean government and SQM have recently settled a dispute that began in 2014.
The Chilean government said that existing coal power plants will be gradually closed, although by 2030, the fossil fuel is still expected to account for 25% of thermoelectric power production. Renewables, however, are forecast to cover the remaining 75%.
The portfolio consists of 12 solar plants to be developed under Chile’s PMGD Program for distributed generation.
Through this operation, the U.K. investor, which already owns a 40% interest in the Javiera solar plant located in the Antofagasta region, consolidates its position in the Chilean solar market.
All of the 11 projects are being developed under Chile’s PMGD Program for distributed generation.
The project was selected by the Chilean government in November’s renewable energy auction.
The Santiago solar plant, located near the country’s capital city, Santiago, will sell its output to local power distributors and to the spot market.
The facility, which is located in the region of Coquimbo, will sell power to the Metro of the country’s capital city, Santiago under a long-term PPA.
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