Chile plans power market reforms to protect struggling renewables sector
Chile plans power market reforms to protect struggling renewables sector | Windpower Monthly
Chile plans power market reforms to protect struggling renewables sector
Chile wants to shake up the way it pays generators as it strives to shield its booming renewables sector from a wave of bankruptcies.
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.