Several South American countries have released plans or policies to encourage renewable energy and geothermal development.
Argentina has set up feed-in-tariffs (FiTs) for all geothermal projects, able to be taken advantage for the first fifteen years of the projects operating life. Chile has as much as 16,000 MW geothermal potential an believes that this will contribute greatly to their renewable energy targets. Chile released a renewable energy law which forces all utilities with a total capacity of 200 MW or more to demonstrate that at least 10% of their energy comes from renewable sources. This figure will increase by 0.5% a year from 2014 until it reaches a total of 10% in 2024. Peru has also introduced FiT’s and tax incentives.
Not sure about carbon credits on top of this although I am still to learn about tax concessions on top of this FIT
EHR Price at posting:
1.5¢ Sentiment: LT Buy Disclosure: Held
