Chile: Increasing Targets Over Time to Support a Long-term Vision for Solar Deployment
In 2008, Chile enacted the Non-Conventional Renewable Energy Law requiring electricity providers to use renewable energy, including PV and CSP, for 5% of total generation from 2010 to 2014. Beginning in 2015, the requirement will increase by 0.5% each year through 2024, with monthly fees levied for non-compliance. These targets support Chile’s overall vision for solar deployment and send a consistent and long-term policy signal (Non-Conventional Renewable Energy Law, 20.257 and Chile Ministry of Energy 2012)
To support Chile’s solar targets, the Government of Chile Economic Development Agency (CORFO), is leading a solar power industry development program. Through this initiative, CORFO and the Chile Renewable Energy Center (CER) partnered with the Solutions Center to evaluate the country’s solar energy plan and assess needs related to the legal framework, diffusion of information, financing, research and development, and human capital development.