Investments and loans for solar energy is witnessing a tremendous growth in Chile, driven by fossil fuel prices and the introduction of strict environmental standards. The basis for future development is solar PV plants, which take advantage of powerful solar radiation and vast sparsely populated areas, ideally suited for the construction of energy facilities. Havelet Finance Limited offer a long-term loans for large solar power plants and wind farms in Chile as well as provide loan guarantees to our clients.

The growth of investments and loans in the solar energy in Chile is associated with the leading global trends and reflects the efforts of the state and business in building a modern sustainable economy. Chile has all the prerequisites to become one of the leaders in the development of RES in South America in the coming decades, but the country still has a long way to go. Currently, energy sector relies heavily on large thermal power plants that were built and expanded in the 1980s and 1990s.

Investing in Solar energy in Chile

In the recent times, the inhabitants of Chile is over 130 million. A rapid growing economy consumes enormous amounts of energy with ever-increasing demand. The fossil fuel-based energy industry creates a number of negative effects on the environment, including changes in vegetation cover, pollution of inland waters and seas, and greenhouse gas emissions. Large-scale of nuclear plants and renewable energy financing will enable Chile to meet its clean energy goals by increasing energy security, attracting investment, growing economy, and creating high-paying jobs.

Investments and  in solar energy projects in Chile also appear to be the most cost-effective way to electrify rural areas of this large agricultural country and improve the quality of life of local communities.

The Potentials of Natural resources and Solar Energy in Chile

The establishment of project finance in hydropower in Chile has not kept pace with the development of other renewable sources, so the share of hydropower in annual electricity generation has fallen from 20% to 8% compared to the last 4 decades. In recent times, Chile mainly invests in the modernization of old but reliable hydroelectric power plants, without building new large facilities.

From the overview, one can see insufficient investment in renewable energy in Chile and amongst other South American territories, takes advantage of three of the four types of renewable energy produced in the country. This uneven distribution indicates that there is room for growth in renewable energy production.

The vast, sparsely populated plains are ideal for the construction of wind farms and solar power plants. In particular, in the north of Veracruz or in the north of Baja California there are favorable conditions for financing a wind farms. The northern part of the country, with its desert climate and low cloud cover, is ideal for using solar energy.

Havelet Finance limited offers Project finance and loans for the construction of large solar energy in Chile and anywhere in the world. Make your contact and our experts will guild you through.

Trends in  Financing for renewable Energy projects in Chile

It is observed that energy sector produces more than 40% of electricity in Chile. This made it more necessary to finance and implement renewable energy projects in Chile that involve reducing greenhouse gas emissions and ensuring a sustainable future. In Chile, solar power plants, wind farms and other RES projects are financed by loans from large banks, resources of investment funds, as well as long-term instruments from international financial institutions (IFIs).

Generally, commercial banks are less involved in financing RES projects in CHILE, offering too high interest rates and shorter financing terms. Today, it is seen as necessary for private companies to have better access to capital markets in order to obtain financial resources. This will bring important benefits to the Mexican markets, such as longer financing for commercial banks and better terms for the capital us, thus achieving a higher level of leverage.

Longer financing terms and higher leverage, capital providers free up resources for commercial banks and partners to participate in more projects. The rating given in the market to the securities issued by these projects will be very important.

If you need a long-term loans for solar energy projects in Chile, contact Havelet Finance Limited. We will give your project a 100% supports.

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