Michelle Bachelet, President of Chile, has signed off on a new energy strategy for the South American country, which sets a goal of generating 70% of national electricity generation from renewable sources by 2050.
The Latin America region saw 181MW of utility-scale solar PV come online in Q3 2015, down 50% from the historic 363MW of installations in Q2, but still helping the market's ability to strengthen growth and move towards maturity in 2016, according to GTM Research’s ‘Latin America Q3 Playbook’.
Chile is forecast to install half of all new solar capacity in Latin America this year. But logistical operations for remote solar projects and the threat of natural disasters are both major considerations for the region. Tom Kenning spoke to Jatin Sharma of GCube Underwriting about the risks associated with the Chilean market.
