8 years ago
Chile Has So Much Solar Energy It’s Giving It Away for Free
Chile’s solar industry has expanded so quickly that it’s giving electricity away for free. Spot prices reached zero in parts of the country on 113 days through April, a number that’s on track to beat last year’s total of 192 days, according to Chile’s central grid operator. While that may be good for consumers, it’s bad news for companies that own power plants struggling to generate revenue and developers seeking financing for new facilities. Chile’s increasing energy demand, pushed by booming mining production and economic growth...
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