Solar power cheaper than coal in Chile

Posted on 24 Feb 2016 by Aiden Burgess

Renewable companies clean up at Chile’s energy auction.

Chile’s solar industry continues to go from strength to strength as the country’s green energy boom has helped to keep down not only greenhouse gas emissions, but high electricity costs that have plagued Latin American countries.

Chile’s solar industry is streaks ahead of any other Latin American country, with its solar energy capacity of over 450 MW (megawatts) installed in 2014, more than 5 times that of the second placed country Peru. Chile is the first Latin American nation to reach 1 gigawatt of installed solar PV. Riding this green energy…

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