❝ On green power, you have to hand it to Chile…The country is producing so much solar power that it’s giving loads of it away for free.In some parts of the country, there is such a big oversupply that consumers aren’t paying a penny to power their homes.
It turns out that spot prices for solar power dropped to zero for 113 days of the year, with more days of free electricity to come.
❝ The country’s central grid is producing four times more electricity than it was three years ago, fed by 29 solar farms, Bloomberg reports.
Unfortunately not everyone is feeling the benefits – there’s also a grid in the north of the country, and that’s not as good…It means there’s a lot of catching up to do, with work underway to build a new 3,000km transmission line between the two grids by next year.
❝ Salvatore Bernabei, head of Enel Green Power SpA’s operations in Chile, said: ‘The rapid development of renewables was a surprise and now we have to react quickly.’
Positively unAmerican behavior, eh? Good thing we needn’t worry about problems like this in the GOUSA.