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Investors’ Perspectives on Barriers to the Deployment of Renewable Energy Sources in Chile

Author

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  • Shahriyar Nasirov

    () (Facultad de Ingeniería y Ciencias, Universidad Adolfo Ibáñez, Avenida Diagonal Las Torres 2640, Peñalolén, Santiago 7941169, Chile)

  • Carlos Silva

    () (Facultad de Ingeniería y Ciencias, Universidad Adolfo Ibáñez, Avenida Diagonal Las Torres 2640, Peñalolén, Santiago 7941169, Chile)

  • Claudio A. Agostini

    () (School of Government, Universidad Adolfo Ibañez, Avenida Diagonal Las Torres 2640, Peñalolén, Santiago 7941169, Chile)

Abstract

In the last decade, the importance of exploiting Chile’s Renewable Energy Sources (RESs) has increased significantly, as fossil fuel prices have risen and concerns regarding climate change issues grown, posing an important threat to its economy. However, to date, the advancement of Renewable Energy Technologies (RETs) in the country has been very limited due to various barriers. For this reason, identifying and mitigating the main barriers that hamper the advancement of RETs is necessary to allow the successful deployment of these technologies. Based on data collected from a questionnaire survey and interviews conducted among the major renewable project developers, the authors identify and rank the major barriers to the adoption of renewable energy technologies in Chile. Our findings show that the most significant barriers include “grid connection constraints and lack of grid capacity”, “longer processing times for a large number of permits”, “land and/or water lease securement” and “limited access to financing”. Furthermore, we discuss the most critical barriers in detail together with policy recommendations to overcome them.

Suggested Citation

  • Shahriyar Nasirov & Carlos Silva & Claudio A. Agostini, 2015. "Investors’ Perspectives on Barriers to the Deployment of Renewable Energy Sources in Chile," Energies, MDPI, Open Access Journal, vol. 8(5), pages 1-21, April.
  • Handle: RePEc:gam:jeners:v:8:y:2015:i:5:p:3794-3814:d:49026
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    References listed on IDEAS

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    Cited by:

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    4. repec:gam:jsusta:v:9:y:2017:i:6:p:1073-:d:102056 is not listed on IDEAS
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    6. repec:gam:jeners:v:12:y:2019:i:6:p:1070-:d:215509 is not listed on IDEAS
    7. Román-Figueroa, Celián & Montenegro, Nicole & Paneque, Manuel, 2017. "Bioenergy potential from crop residue biomass in Araucania Region of Chile," Renewable Energy, Elsevier, vol. 102(PA), pages 170-177.
    8. repec:gam:jeners:v:8:y:2015:i:12:p:13473-13480:d:59451 is not listed on IDEAS
    9. Pablo-Romero, María del P. & De Jesús, Josué, 2016. "Economic growth and energy consumption: The Energy-Environmental Kuznets Curve for Latin America and the Caribbean," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1343-1350.
    10. repec:eee:eneeco:v:69:y:2018:i:c:p:280-294 is not listed on IDEAS

    More about this item

    Keywords

    renewables; energy; investors; Chile; barriers;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other

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