Chile Is A Solar Success – There are some kinks in the system

But I am betting that those kinks will be worked out. They do need create a Southern Grid and really grow the system to take care of a growing population. They also will need to plan for a growing industrial base.

http://www.popularmechanics.com/technology/a21228/chile-solar-energy-surplus/

Chile Generates So Much Solar Power That It Just Gives the Extra Away

It sounds great, but it’s actually bad news for the energy industry.

Chile has so much solar energy that the price of solar frequently drops to zero, which is great news for consumers but frustrating for energy companies and investors.

Under President Michelle Bachelet, Chile has been aggressively expanding its solar energy generation, adding 371 megawatts of solar power last year alone. However, construction of new energy infrastructure has lagged behind, with no national power grid and many unserviced areas. This leads to an overabundance of power in certain areas while others get left out.

 This overabundance has led to the spot price, or current price, of solar dropping to zero over a hundred times so far this year through April. Bloomberg reports that this number is set to beat 2015’s total, which saw 192 such price drops for the whole year.
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Go there and read. More next week.

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