Showing posts with label ERNC. Show all posts
Showing posts with label ERNC. Show all posts

October 20, 2013

Chilean President Piñera Signs 20/25 Law

On October 14th, 2013, Chilean President Sebastian Piñera signed into law a bill which mandates that utilities source 20% of their electricity from “non-conventional” renewable energy (ERNC), including solar photovoltaic (PV) and concentrating solar power (CSP), by 2025.

The law will create annual bidding processes for utilities to purchase electricity from ERNC sources. The president additionally signed a law making changes to the permitting process, which promises to reduce estimated permitting time from 700 to 150 days.