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20 Mar 2013 12:03:06

Profiting from PV in Chile

With some of the highest GHI/DNI rates of 3,300 KWh/m² in the world, Chile is currently one of the most exciting markets for PV. As part of the recent announcement of the PV Insider Latin America conference, PV Insider has produced "PV in Chile: A guide to opportunities" providing detailed business intelligence on the market.

Since 2011, the world has been paying increasing attention to the PV market in Chile. With a current project development pipeline of over 3.1GW, over 100 developers have launched ventures in Chile working on utility scale PV projects. With an unparalleled solar resource, solar-friendly market and multiple forms of customer, the race is on to secure projects with PPAs and financing.

However, as a strong example of the Chicago school of economics, the free-market principles of Chile's economy means that PV will only be taken on if it is truly competitive with renewables and non-renewables such as Gas, Wind and Hydroelectric. Whilst early evidence suggests that PV is competitive with the price of gas with prices as low as US$110 MW/h, the spot market is yet to properly develop. To date there are currently three plants over 1MW connected to the grid and this is set to increase to over 86 across the region of Latin America with Chile having the largest share. PV Insider's "PV in Chile: A guide to opportunities" contains key features essential to formulating and implementing a business strategy such as:

•Comprehensive overview of the key opportunities and challenges facing the development of utility-scale PV to give companies to help companies make informed decisions
•Detailed map featuring location of planned plants and current status to Chile’s best solar locations to develop future plants

The guide has been produced in conjunction with PV Insider Latin America, the first PV dedicated event focusing on how to develop finance and build commercially successful PV plants to secure a share of the solar opportunity in Chile.

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