Chile:

Chile Aims to Cut Costs with New Renewables Measures (Windpower Monthly)

Chilean president Michelle Bachelet

The Chilean government is announcing a number of legislative measures to boost investment in renewables and bring down the country's electricity prices, which are among the highest in the region.

Launching the government's energy agenda on 15 May, president Michelle Bachelet said the aim of the measures is to reduce costs on Chile's main grid from $151/MWh last year to around $106/MWh by 2017, a drop of 30%.

Renewable energy will play a key role in the growth of electricity supplies, the president said. It will account for 45% of new capacity installed between 2014 and 2025 as the country strives to fulfill its target of producing 20% of its electricity from renewable sources by that date.

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