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FDI; Chile; government policy; renewable energy investment; valley of death; early-stage financing; capital investment; Center for Renewable Energy; CORFO; renewable mining; technopole; energy innovation.
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Chilean Renewable Energy Policy, Kyle Herman
Chilean Renewable Energy Policy, Kyle Herman
Dr. Kyle S. Herman
The development and implementation of renewable energy power plants is important for Chile in order to increase energy security, supply remote mines with electricity, and eventually decrease energy costs. The Chilean government has promoted renewable energy and attracted Foreign Direct Investment FDI) to develop large-scale renewable energy projects. However, the policies cannot sufficiently attract FDI in unproven renewable energies such as Concentrated Solar Power, though it is proven elsewhere. This paper examines the Chilean government’s renewable energy policies and investigates potential pitfalls of early to mid-stage capital for the renewable energy industry. Recommendations include linking the mining industry to the …