The start-ups participated in the Spanish company’s open innovation program, which it implemented for the first time outside Europe.

Projects in Chile have shown that “we can compete against existing technologies without subsidies,” said Andy Kinsella, Mainstream’s Group Chief Executive.

The laboratory is located at El Romero Solar, a photovoltaic plant in northern Chile’s Atacama Region, and will start operation in October, characterizing and testing latest-generation solar panels.

With the tool, a single platform can be used to view “different types of information related to the implementation of a renewable marine energy project in Chile”.

The token has a value defined in kilowatt-hours of electricity produced by sustainable projects.

“Through the operation of these three wind farms, we will contribute clean energy to the system and, specifically, central Chile,” said the Norwegian company’s vice-president for South America, Laine Powell.

Areas that range from the development of electric vehicles and strategies to add value to lithium through to the growth of renewable energies are among those that will benefit in a market that is growing on a daily basis.

The aim is for 70% of the electricity consumed in the country to be from sources such as photovoltaic or wind energy by 2050; this is in addition to the announced decarbonization plan.

EY report awards first place to China followed by the United States and France. Within the region, Chile takes second place after Argentina.

The Transport Ministry is coordinating the arrival of the minibus with a capacity for 12 passengers. It will be used on a route in the capital, Santiago, before being taken to the regions.

The Spanish company, which has had operations in Chile for a decade now, revealed that it will invest US$800 million by 2025.

The company already has two projects in the hydroelectricity sector and expects to expand in clean energies.

Entrepreneurship in Chile: Wilefko, or “Brightness of Water” in Mapudungun, is a Chilean start-up that has invented a motor able to turn the impacts of thousands of waves into a continuous movement in order to generate electricity.

A study by the International Renewable Energy Agency (IRENA) forecasts that, if the correct measures are taken, CO₂ emissions could be reduced by almost 30% in a decade and by more than 70% by the middle of the century. The good news for Chile is that, a natural resource, photovoltaic solar technology is key.

They take three and a half hours to recharge, they have 250 kilometers of autonomy and their batteries have a useful life of 4,000 charges. These are the 100 electric buses that the Metbus company will deploy in the streets of Santiago in the coming days.

The contribution of NCRE sources has increased rapidly in recent years, thanks to the start-up of new projects. In 2013, these sources accounted for 6% of the matrix and are expected to reach up to 18% this year.

Using renewables is helping the industry cut costs and reduce polluting emissions. It is a concern that is growing among some of the largest consumers of raw materials, some of whom are keen to burnish their environmental credentials.

The renowned speaker on energy issues, Gianni Kovacevic, says Chile has a privileged position regarding future energy sources, due both to its wind and solar potential as well as its copper reserves.  

The country is promoting the creation of projects in four areas: mining transport, storage of hydrogen, green ammonia-based fertilizers and, even, the export of green hydrogen. Chile’s great advantage is its growth of clean energies, the base of the sustainable version of this gas. 

The plant, which is unique in Latin America, will be able to supply a city like Antofagasta, with over 400,000 inhabitants, permanently for 24 hours a day. This type of technology paves the way to transforming the sun into the country’s principal source of electricity.