Every time the wind blows, Chile burns and imports less oil
Chile is a sophisticated Latin American powerhouse – yet they don’t have enough power.
What Chile does have is wind and sunshine, in abundance. The solar resource of the Atacama desert is among the highest on the planet. And with areas of strong and stable wind speeds across the country, it makes renewable energy an incredibly attractive alternative to expensive imported fossil fuels.
Chile has a healthy, fast-growing economy and a clear vision of its future energy needs. The government has committed to increasing renewable power generation threefold between 2009 and 2035, reaching a 15% share of all national energy by 2035.
This positive environment encouraged Actis to invest $290m in Chile in June 2013 to provide at least 600 MW of cost-effective power to its population. Establishing Aela Energía, a renewable energy development platform in partnership with Mainstream Renewable Power, will provide enough clean energy to power more than 131,000 Chilean homes.
With its business plan fully implemented, we are optimistic that Aela Energía will play its part in powering the Chilean economy.