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.
The new edition of PV Tech Power – PV Tech Power 23 – is now available to download entirely free of charge, featuring insight in solar's COVID recovery, the emergence of Chile as LatAm's hottest market and the realities of subsidy-free solar.
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.
Top markets Brazil and Mexico hold risks but also rewards if firms can look beyond headlines of political volatility, say local developers, lawyers and lobbyists approached for an upcoming PV Tech Power feature.