Chile Moves To Suspend Solar Subsidies ...Middle East

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Chile Moves To Suspend Solar Subsidies
source : OILPRICE ( Middle East ) () 133
Chile is perhaps better known for its copper, but the country has also recently emerged as a frontrunner in the energy transition with a veritable boom in solar installations. Now, the government is threatening these. It plans to temporarily remove one subsidy mechanism, and solar developers are not happy. Like in other markets such as Europe and parts of the U.S., solar generators in Chile depend on government guarantees for certain prices, at which utilities must buy their electricity. However, it seems that these guarantees—effectively…

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