Chile Will Have 1.4 Million Euros For Companies That Bet On Self-Consumption

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Date: March 10

Up to 71 thousand euros (60 million Chilean pesos) may be obtained by companies in the Coquimbo Region to finance electric or thermal self-generation projects with renewable energies, through the “Put Energy to Your Company” contest, of the Ministry of Energy and the European Union (EU), which considers a total fund of 1.4 million euros (1,200 million Chilean pesos), which is expected to directly benefit more than 100 micro, small, medium and large companies in the country.

This was announced by the Seremi de Energía, María Castillo Rojas, who indicated that this initiative “will allow companies of all sizes to join the energy transition with renewable self-consumption technologies that will allow them to reduce the energy costs of these ventures, increasing their profitability, together with significantly reducing their carbon footprint”.

Through this tender, renewable projects for electrical, thermal or cogeneration energy can be co-financed, through any self-consumption technology.

The EU ambassador in Chile, León de la Torre Krais, explained that “with this new call, the EU reinforces the commitment to collaborate with Chile in mitigating climate change, in this case together with the private sector, promoting the use of renewable energies. We look forward to receiving new proposals to include practical, efficient and innovative solutions that allow us to achieve our shared climate goals.”

The application must be made together with an energy service provider and will be open until March 31, 2023.

Ponle Energía a tu Empresa is carried out within the framework of the project “Renewable Energies for Self-consumption in Chile” of NAMA Facility, a project implemented by KFW and GIZ, commissioned by the Ministry of Economic Affairs and Climate Action (BMWK) of Germany, the Department UK Business, Energy and Industrial Strategy (BEIS), the Danish Ministry for Climate Energy and Public Services (KEFM), the Danish Ministry of Foreign Affairs (MFA), the European Union and the Children’s Investment Fund (CIFF). ), through the KfW.

The complete financial component will have a budget of 14 million euros, which are provided by the European Union, intended to promote investment in self-consumption projects, as well as the development of the financial sector in this area.

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