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London, UK (PRWEB UK) 18 January 2013
With small CPV test sites already operating Mexico and Brazil, and with construction of a 1MW CPV plant soon to begin in Chile, the results of CPV performance in the highest DNI regions of the world may do a lot to prove the business case for CPV. The optimal climates in the region have encouraged a less incentivised renewable energy market and Chile. That being said, on Monday 14th January it was announced that a group of Chilean senators have made move to introduce a tender process as a replacement to the current draft law on renewable energy
In Mexico, Chile and brazil it is forecast that the electricity demand will increase and that the number of customers in these countries may also be larger and more varied, with mining companies, industrial sites all looking at solar as providing cheaper electricity than their current non-renewable providers.
Yet taking advantage of the demand and resources is not as simple as in more established CPV and solar markets. This may be where CPV companies struggle to take davtange of the market due to the large investment that a venture in Latin America can require. Larger PV developers and companies with strong financial returns in other regions are better placed to make the strategic investment. However, finding well connected and reliable partner companies in country for development, construction and support services may well be the secret to succeeding in the region, and this may have little to do with how large the business is, or how well-known the technology.