Chile Top Renewables Market on Sunny Desert, Windy Shores
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With the sunniest desert on Earth, a windswept coast and limited fossil fuel supplies, northern Chile has become the world’s top market for renewable energy.
The government of President Michelle Bachelet has approved 76 solar and wind projects since taking power March 11. Renewable energy developers are pursuing contracts to deliver electricity to mines run by by companies including Anglo American Plc and BHP Billiton Ltd., which consume a third of the country’s power.