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  • Study finds extensive ocean power potential in Chile

    A study by the Inter-American Development Bank (IADB) finds Chile has a high potential for wave and tidal energy development.

    Energy Minister Marcelo Tokman received study results February 25, saying the report confirms, with accurate data, that Chile has great potential for ocean energy and details steps to follow in developing the new energy source.

    �I have no doubt that in the future, our electrical grid will include not only conventional sources, but all non-conventional renewable energies: mini-hydro, solar, biomass, wind, geothermal, and tidal,� Tokman said.

    The report identifies attributes and criteria for project selection and identifies priority areas to establish projects. It also indicated a need to implement specific measurements of ocean generating potential in certain areas of the country.

    The report also said it is necessary to review site plans and existing infrastructure to take advantage of generation opportunities.

    IADB is to promote research of the new technologies to support creation of a new market in Chile that can export knowledge to the world. The government of Chile previously announced plans to create a renewable energy center to serve as a clearinghouse and sponsor of non-conventional renewable energy sources for Chile and for South America. (HNN 8/8/08)

    The study was conducted by IADB in coordination with Chile's economic development agency, Corporacion de Fomento de la Produccion (Corfo), and Comision Nacional de Energia.

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