Chilean policies favouring clean energy

http://www.renewableenergyworld.com...gy-push?cmpid=StorageNL-Thursday-March12-2015

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.

Chile received 17 offers to generate power from new projects, mainly from renewable energy companies, at 17 percent cheaper values compared with a December 2013 bidding round, according to the government.
“We started to feel there was a huge appetite from investors,” Pacheco said. “There is a very attractive investment climate.”
EDF, GDF Suez, Acciona and Abengoa SA won contracts in December to supply Chile in the coming decade, providing more competition for Endesa SA, Colbun SA and AES Gener, which together account for about two-thirds of power generation.......