Promotion of solar energy in Chile

Solar power and heating is encountering growing interest in Chile thanks to the falling costs of the solar equipment. According to studies, the north of the country in particular has an immense potential for solar energy that has so far been virtually untapped. As part of the German Climate and Technology Initiative (DKTI), the project continued the commitment to support the market launch of grid-based renewable energies such as wind and solar power. Implemented by the KfW (German Development Bank), the project was the financial cooperation module of the joint project of the same name, which also included a technical cooperation module executed by GIZ. The financial cooperation components enabled needs-based and efficient access to loans for a first commercial solar thermal power plant (CSP). The project also organised training courses for banks that made use of the credit line.