Chile to Provide $14 Million for First Ocean-Driven Power Plants
This article is for subscribers only.
Chile plans to solicit bids from developers this year for as much as $14 million in grants to build the nation’s first two projects that will produce electricity from the movement of tides and waves.
The winners will be required to match the investment in the pilot projects, according to Christoph Tagwerker, an engineer in the climate change and sustainability division of the Inter-American Development Bank, which will provide an additional $2.4 million in grants for the facilities.