Chile Promotes Non-Conventional Renewable Energies by giving the energy plant order to Abengoa for their Concentrated Power Plant
There are more and more stories of Concentrated Solar Plant (CSP) overruling fossils. The interest on investments in Concentrated Solar Power Plant are artificially high.
In 2014 Chile wrote a tender for a large energy plant. Both fossil and renewable players were invited to subscribe.
Abengoa – one of the largest providers of CSP plants – has won the tender with a combination of PV and CSP to 11.5 cents per kWh. The kWh price is still too high because banks are still asking ‘risk’ interests for the investments. Read More