Summary: Pro-market policies have led to over a gigawatt of solar photovoltaic parks now operating in Chile. But with few long term offtake agreements available, an alarmingly high percentage of these depend on the spot price to generate revenues – which regularly drops to $0/MWh in the afternoons.
About the Author: Carlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time to generate debate and educate on industry issues.
He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in October 2016.