By Matthew Perks, New Energy Events LLC
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| Gabriel Prudencio Flaño |
What is the government doing to promote the development of Chile’s geothermal resources?
Even though Chile´s policy is to allow the development of all energy sources that contribute to an economic, efficient and more sustainable energy mix, we are particularly aware of the benefits of renewables, in particular geothermal, and are keen to promote its development.
Particularly in view of the future need for flexibility in the power system, the Ministry of Energy is working on a regulatory measure to properly recognize the contribution of each asset – and to value them accordingly. With this new regulatory framework, we believe there will be a significant opportunity for the development of flexible technologies, such as geothermal, CSP, storage, among others.
Additionally, you should note that geothermal is currently the only technology that has a special clause in the terms of reference for supply tenders for regulated clients, where the failure to prove geothermal resources could be used as a non-imputable cause to delay the contracted supply or apply for an anticipated contract termination. In essence, we understand the particular challenges of geothermal and we are working on them.
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Gabriel Prudencio Flaño, Head of Sustainable Energies Division, Ministry of Energy, Government of Chile will be a featured speaker at the upcoming 6th Geothermal Congress for Latin America & the Caribbean. The GRC is a Lead Content Partner of the conference.
