A promising solar energy market with stable political and economic conditions.
With the uninterrupted economic growth, Chile has a growing appetite for energy. The country’s energy supply currently depends on fossil fuel imports. This situation, combined with further pressure from the volatility of international fuel prices is forcing Chile to redefine its energy policy.
Chile will probably need to almost double its existing installed capacity in little more than a decade.
Chile could become world leader in Solar Energy
Chile’s answer to its energy challenges is to press forward with efforts to include more alternative and renewable energy into its energy mix. Northern Chile has some of the best solar radiation resources in the world. The Atacama Desert is one of the hottest, driest places on Earth and provides Chile with an extreme competitive advantage for the conversion of solar radiation into direct electrical current. The country could become the first solar power market without subsidies or specific tax benefits for solar energy, based on their path to grid parity.
Solairedirect Chile
Chile is emerging as a promising new market for Solairedirect. Growing climate change awareness, high electricity prices and the acute energy crisis combined with good institutional and economic conditions provides an attractive opportunity for intrepid foreign investors.
Solairedirect is making a move into the Chilean Solar Energy market and has opened a company office in Santiago, the capital of Chile. Solairedirect Chile aims to replicate its successful IPP integrated model and become the leading Solar Energy Company in the country.