President signs decree setting out use of green debentures to unlock multi-gigawatt boost to renewables, stung by auction postponements brought about by COVID-19.
Recently name checked as among the cheapest places in the world to develop solar, Chile has emerged as a particularly popular destination for solar finance. But as the country proceeds towards a 100% renewables target, political instability and legacy network issues stand in its way. Molly Lempriere explores how Chile can leap those hurdles on its way to a green grid.
Bogotá will exceptionally allow privately-run locations to import solar and wind components, in a bid to speed up deployment of green energy tender contract holders of 2019.
Firm breaks ground on 60.9MW PV array set to join pre-existing 90MW wind section in Atacama Desert, with work protocols rolled out to guarantee the safety of 200-plus workers.
Talk in local press of two provisional suspensions brings new twist to controversy since state paralysed green energy project connections, triggering protests from EU and Canada.
Major European economies and Ottawa ask for meeting with López Obrador’s government to address concerns over new restrictions to green energy projects on COVID-19 “stability” grounds.
López Obrador’s government stages latest conflict against sector after freezing solar and wind project connection, amid claims green energy hinders grid reliability in COVID-19 era.
Firm says green energy ‘mission’ will steer actions at time of COVID-19 uncertainty, as shareholders back US$500m raise to fund US$1.8bn plan to deploy solar and wind in Chile and Colombia.
New figures from regulator UPME show nearly 70% of all energy projects currently proposed are solar, setting the scene for growth spurt in the country using auctions to catch up on the renewable front.
