Law aims to promote renewable energy development in Chile

A law encouraging companies that have the capacity to generate more than 200 MW of electricity to produce at least 10 per cent from renewable energy sources is set to give the renewables sector in Chile a significant boost.
 
Under the legislation, known as Law 20.257, which was passed in 2008 and came into effect last year, 5 per cent of total production in new energy contracts must be provided by renewable energy sources by 2014.
 
By 2024 it must be 10 per cent of total energy production
 
According to media reports, the uptake by companies is expected to be gradual, i.e. in the region of 0.5 per cent per year.
 
Officials anticipate the generation of electricity from renewable energy will rise from the current 1.6 per cent to approximately 8 per cent of total generation.
 
For more Regulation news.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...