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Martin Libra, Head of LATAM at Prothea, an independent advisory boutique providing advisory and asset management services in the renewable energy sector, explains the chances opening up in the Chilean wind and solar market, which can now be considered a pioneer in the grid parity trend that is currently developing in Southern Europe.

Participators in Chile’s next 2,200GWh per annum power auction have been invited to submit proposals on 11 October, followed by bids on 31 October, according to the National Energy Commission (CNE).

French renewables developer Neoen has signed a power purchase agreement (PPA) for 136MW of utility-scale solar PV in El Salvador.

Chile has appointed five directors for the Board of its Independent Coordinator of the National Electric System, after its major transmission law upheaval.

Solar won 720GWh of the 12,430GWh of power on offer from the Chile National Energy Commission, but wind dominated.