Chile offers 100 renewables projects to international investors

Chile’s economic development agency presented a portfolio of more than 100 renewable energy projects, including hydropower, to international investors gathered in Atlanta.

Corporacion de Fomento de la Produccion (CORFO) was among those making presentations to the U.S. Commerce Department’s American Competitiveness Forum, June 11-13.

CORFO Executive Vice President Carlos Alvarez said assistance by CORFO and Chile’s Comision Nacional de Energia developed a portfolio of more than 100 non-conventional renewables projects for investment. With the potential to generate 900 MW, the projects are 45 percent hydropower, with the remainder wind, biomass, biogas, and geothermal projects.

He said by the end of 2008 about six new, mainly hydro, projects should be operating. He identified three, totaling 65 MW for a US$100 million investment, as Laja in Bio Bio Region, Rio Trueno in Araucania Region, and Puclaro in Coquimbo Region.

Alvarez also told participants about an investment fund formed by Italian hydropower equipment supplier Scotta, Italian developer Idroenergia, and Chilean partner Idroaustral that is to build 15 hydroelectric projects totaling 65 MW by 2008 in the Los Lagos and Los Rios regions. (HNN 10/10/06)

CORFO is inviting international investors and developers to attend its second international renewable energy investment meeting November 14-16 in Santiago. (HNN 6/8/07)

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