More than 1,400 clean energy experts will attend conference in Santiago, Chile

International investors and experts are eyeing prospects to form partnerships and launch new projects in Chile – which wants 20 per cent of its energy supply to come from sustainable energy by 2020 – at the 5th International Conference on Renewable Energy Investments.

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More than 1,400 clean energy professionals are expected to gather in Chile next month to learn about opportunities in the country’s booming renewable energy sector November 8, 9 and 10 at the 5th International Conference on Renewable Energy Investments in Santiago.

The Chilean government has proposed to make renewable energy sources at least 20 per cent of the nation’s energy supply by 2020. It has launched various initiatives to increase Chile’s reliance on non-conventional renewable energies such as the creation of more solar and hydropower, geothermal and wind energy resources.

A record turnout of industry investors and experts is expected at the conference, showing genuine international interest and excitement in Chile’s plans. Those attending the event will have a unique opportunity to form partnerships on projects and learn of new business opportunities in Chile.

Consultants, project developers and representatives from public organizations from Asia, Europe, North and Latin America will arrive to take advantage of the unique opportunity.

Chile, expected to be the second-fastest growing economy in Latin America by 2011, has abundant renewable resources, including solar energy.

Some of the country’s major projects include the establishment of a renewable energy center in 2009 for the development and promotion of renewable energy in Chile, as well as the construction of a photovoltaic generation plant near Calama, in the Atacama desert, with a capacity of 10 MW of electricity from solar energy.

The Totoral Wind Farm near the city of Coquimbo, in the north of Chile, was opened this year with an installed capacity of 46 MW. It will provide clean wind power to 50, 000 homes and reduce CO2 produced in the country by 65,000 tons a year.

Meanwhile, wind turbines are being installed in the northern Chilean province of Limari to produce 120 megawatts of power. In total, the project is expected to produce 500 megawatts of energy, nearly doubling the country’s wind-power capacity.

The 5th International Conference on Renewable Energy Investments will be held at the Grand Hyatt Hotel in Santiago on November 9-11.

This post is also available in Spanish