Chile needs to add 10,000 MW new capacity in next 10 years
GeoGlobal Energy project site in Chile (source: GeoGlobal Energy)
Alexander Richter
22 Jul 2010
Chile's new president highlights the need for the country to diversify its energy supply and would need to add 10,000 MW new capacity in the next year to fuel demand.
Last week, it was reported that with Chile’s energy needs growing, the country will “need to incorporate more than 10,000 MW of new capacity over the next 10 years, so President Sebastian Pinera.”
Currently, so the piece, Chile imports more than 72% of its energy needs, including oil, natural gas and coal, and the country aims to diversify its energy sources and develop alternative energy sources.
“We have to diversify our energy matrix in order to increase the security of our energy supply and to reduce dependence,” Pinera said.
Chile’s government is aiming to have 20% of its energy sources come from nonconventional sources, such as solar, wind, geothermal or mini-hydro, by 2020.
Due to the country’s particular geographic and seismic characteristics, it is an ideal place for developing geothermal, solar, hydro and wind energy. ”
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Source: Automated Trader
