Browsing the "Chile" Tag

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Cheapest Electricity Comes From Solar In Chile

According to a report from Deutsche Bank, electricity generated by solar power is the cheapest in Chile now. In fact, both solar and wind power there make electricity more cheaply than fossil fuels do. Deutsche Bank Equity Research North America conducted an analysis by examining PV solar projects in Chile. The research showed solar had become the cheapest form of […]

November 10th

19% Of Chile’s Electricity Could Be Solar By 2050

Chile’s Ministry of Energy wants to have 19% of the country’s electricity generated by solar in 35 years. Hydro, oil, gas, and coal generate most of it currently. Wind and solar have a very small presence but are growing. Solar in particular was robust in Chile – in 2012, Chile was the most active in this field among the […]

November 9th

SunEdison Breaks Ground On 110 MW Solar Project In Chile

SunEdison has announced financial closure and beginning of construction on the 110 MW Quilapilun solar power plant in Chile. SunEdison, the world’s largest renewable energy development company, revealed earlier this week that it had secured a $160 million, long-term, non-recourse debt financing arrangement with CorpBanca, one of the largest commercial banks in Chile, and DNB, […]

July 31st

$25 Million Raised By Solar Startup NEXTracker

Fremont, California–based solar technology startup NEXTracker has raised $25 million in equity and growth capital financing. The company makes single-axis PV trackers, which position solar panels in relation to the sun as it moves through the sky in order to increase exposure and produce more electricity. The company’s technology can also reduce installation and operation […]

February 10th

70 MW PV Merchant Solar Plant Completed In Chile

The Salvador Solar Plant has been completed in the Chilean Atacama Desert. It is one of the largest merchant solar power plants in the world. It has been estimated that Salvador will generate enough electricity each year to power about 70,000 households in Chile. The project was unsubsidized, which is remarkable because solar power is […]

January 26th