BNEF: Cheap finance is key to PV deployment in the developing world

While solar is lauded as a cheap energy resource in OECD countries, the cost of financing PV projects in developing nations has impeded progress. Development banks and the Clean Technology Fund they finance have played a key role in providing access to cheap financing for clean energy projects in many markets.

Chile wants to know amount of local content of its solar plants

Public body Codesser wants to hire experts to carry out a “Study to determine the participation of national suppliers in the provision of construction, operation and maintenance components and services in solar energy projects in Chile”.


Grenergy to build another 30 MW of PV in Chile

The Spanish company has agreed with the Canadian CarbonFree the sale and construction of four new solar plants in Chile worth $33 million.

Chile tender to assign up to 9,000 hectares of public land for renewables

Some 8,891 hectares could be allocated through the tender, in the form of 179 plots of land in the northern and southernmost regions of the country.

Chile launches call for $193.4 million solar energy research institute

The Technological Institute for Solar Energy, Low Emissions Mining and Advanced Materials of Lithium and other materials, will be set up with a mixture of public funding and 30% private investment.

Developing countries biggest installers of renewables – BloombergNEF

In a new report, BloombergNEF notes a significant uptake in renewable energy in developing countries, which are clearly outperforming OECD countries. The trend is due to reductions in equipment costs and new business models that enable access to capital. Still, many emerging markets are also the biggest installers of new coal capacity. India and China alone, are said to account for 81% of newly added coal-fired power stations.


Chilean authorities approve 250 MW (AC) solar project

The €240 million Parque Fotovoltaico Sol de Vallenar project is being developed by Spain’s Cox Energy in Chile’s northern region of Atacama.

CVE Chile buys 4 solar plants for $45 million

CVE Chile has purchased four solar PV plants totaling 45 MW from Solarpack in Chile for a total of US$45 million.

PV Power Chile plans 118 MW of small solar parks

The Chilean subsidiary of the Czech Republic’s Solek Group and CarbonFree Chile SpA has signed a framework agreement for the development and construction of up to 118 MW of PV projects in Chile. These will have a power range of 3 MW to 9 MW, and will be developed under Chile’s PMGD Program for distributed generation.

Four key takeaways from Intersolar South America

The sixth edition of Intersolar South America in Sao Paulo has showed unequivocally that both international and Brazilian players firmly believe in the big potential of the Brazilian solar market, despite the current political uncertainty and usual economic challenges. Overall, the event was larger and of a higher quality than last year, while in the absence of future dates for new large-scale solar auctions, and stable conditions for private PPAs, DG is emerging as the market’s main driver.

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