Chile to Auction Off New Areas for Wind and Solar Development
Chile has a fast growing renewable energy sector, setting a target that 20 percent of its energy will be renewable by 2025.
Chile is set to auction off vast new areas of land for anyone who will use the space to develop solar or wind energy projects.
The Chilean Ministry of National Assets made the announcement Monday that 1,095 acres (443 hectares) of state-owned land in the Antogafasta and Atacama regions in the country's northern coast will be auctioned off for the development of wind, photovoltaic and concentrated solar power projects.
The land will be divided into six areas and concession contracts will be granted for 30 years.
According to the ministry, the projects are meant “to ensure a diversified, balanced energy matrix and that gives the country greater levels of sovereignty in their energy requirements,” it said in a press release.
Renewable energy in Chile provided 9 percent of the country's electricity in 2014, and is a fast growing sector. The country has set a renewable energy target of 20 percent by 2025.
