Ann: Chile Collaboration Agreement & Site Development, page-3

I think it's very good news. The locals aren't buying just trading. We need OS exposure to get some OS buying.
I would've taken the 6.9c if I wasn't waiting for the penny to drop around the coasts.
"The areas defined for collaboration with Fundación Chile include the assessment of wave
resources at various sites, the regulatory environment, site identification and development and
project financing and construction.
Carnegie’s Business Development Manager, Edoardo Sommacal said:
“Carnegie is very pleased to have established a strong relationship with Fundatión Chile.
Fundación Chile is a key player in the development of the renewable energy and innovation in
South America and this collaboration will speed the development of the wave energy sector in
Chile. Wave energy has the potential to be an additional solution to reduce greenhouse gas
emissions in the production of both power and water in Chile, a country with a world class wave
resource.”
Fundación Chile’s Head of Renewable, Juan Ramon Candia said:
“At FCH we are constantly searching for innovative solutions in order to face the main
challenges for our region. In the past we were very active in promoting the development of solar
energy, an industry that today has reached a high level of investment with several players from
different part of the world aiming to be part of this emerging industry in this region. In line with
this, the Government has developed our national agenda for energy, where the promotion of
renewables is central. The agreement we have signed with Carnegie represents a great
opportunity for our organisations to collaborate towards making wave energy a reality in this
part of the Globe.”
The Regional Government of Valparaiso is also progressing an Innovation Fund of
Competiveness (FIC) initiative with Fundación Chile which Carnegie has now also joined.
Fundación Chile will participate together with other local Chilean companies and the National
Institute of Hydrology (INH) to advance the development of marine renewable energy in the
coastal communities of the Region of Valparaíso.
The primary objective of this Project is to finalise a survey of the energy requirements of the
coastal sector of the Region of Valparaíso including assessing for the first time wave resources
at Robinson Crusoe Island. The intention is to include also Easter Island in the assessment
during a second phase of the Project according to the feasibility and support from the
Government.
Easter and Robinson Crusoe Island are two of the most remote inhabited islands in the world,
located respectively around 3,500 km and 670 km off the coast of Valparaiso. Both island
communities, of 5,800 and 1,000 residents respectively, are predominately self-sustained on
fishing and tourism industries, while reliant on standard diesel generation for power and water
supply. Significant savings could be realised through the reduction in diesel by displacing power
and water supply with renewable energy and reducing as such cost for energy and water
production.