Title: Chile solar auction sets new record low for solar PV
Languages: English
Published: November 7, 2017
Region: Latin America and Caribbean
Country: Chile
Sectors: Energy and Power
Keywords: Solar power
Tags: renewable Energy
DocumentLink(s):
Document Summary:
Energy auction in Chile received the lowest price for solar in the region
Document Details:
While tender schemes open up flexible and innovative design options (e.g. time blocks, storage components), the quality of the design and implementation is crucial to the success of competitive tenders. In Chile, an energy auction in November 2017 received the lowest price for solar in the region with 2.15 US cent/kWh after the tender process was amended in 2015 (Law 20,805) and a longer contract term (20 years) and different sized hourly blocks of energy supply (day, peak, night, 24 hours) were introduced. Read more.
Updated: October 25, 2021