Deutsche Bank Views Chile As Subsidy-free Solar Market

[jpak]

http://cleantechnica.com/2013/08/24/deutsche-bank-views-chile-as-subsidy-free-solar-market/

Despite having no feed-in tariffs or subsidies to speak of, the Chilean solar market is among the first in the world to prove self-sustaining, with new projects able to be produced at or below grid parity, according to new research by Deutsche Bank.

With only three solar plants connected to the grid – constituting a total capacity of 3.5 MW – and around 70 MW under construction, Chile had already achieved grid parity for solar PV in some parts of the country by midway through last year.

In June 2012, Spanish-based Solarpack revealed their 1MW grid-connected PV plant in Chile was able to generate and sell energy at market prices without any public subsidies. The project was funded entirely by the developer.

In Deutsche Bank’s new report – Chilean Market: At Grid Parity, But Not Without Challenges (a follow up to its global assessment of solar markets, which concluded many were near a major inflection point) – it says that the Chilean market is exciting primarily because solar development in the region does not require any form of government incentive.

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