San Francisco, CA (PRWEB) September 14, 2010
For the fifth year in a row, the Chilean Ministry of Energy, the Economic Development Agency and the Center for Renewable Energy have made clean energy development a high priority for the country by holding the 5th International Conference on Renewable Energy Investments. Through this conference the government seeks to continue its initiative of becoming a global leader in renewable energy technology.
Chile’s vast amounts of renewable resources make it an ideal environment for investment in renewable energy. There are a broad range of opportunities in solar, wind, hydro-electric, biomass and geothermal sources. Furthermore, friendly trade and renewable energy laws make it attractive for foreign investors. For example, the government has loan programs and pre-investment study grants in place for potential investors. Additionally, the regulatory framework is also continuously improving, currently Chilean energy companies are required to include a minimum of 5% NCRE in the energy they trade, gradually increasing to 10% in 2024.
Accompanying the exceptional NCRE investment potential is Chile's dynamic and growing economy, which makes it an excellent place to do business. It has recently been accepted to the OECD and Forbes magazine has ranked Chile as one of the top 25 countries in the world to do business. Additionally, foreign direct investment has increased substantially, according to the 2009 World Investment Report; FDI reached 59.6% of the Chilean GDP in 2008 as compared to the 24.5% world average.
This annual conference is an internationally recognized event with participants from North America, Europe, Asia and Latin America. Attendees include investors, consultants, technology and service providers, project developers and representatives from public organizations.
Attendees will have the opportunity to establish partnerships for projects and explore new business opportunities related to clean energy in Chile. Featured at this year’s conference will be an exhibition hall where companies from around the world will display new technology in the renewable energy field. Additionally, there will be a seminar on "The Trends and Challenges for Developing NCRE in Emerging Markets" as well as an investment forum, which will be a meeting platform for investors and entrepreneurs interested in renewable energy projects in Chile.
For more information please visit the conference website: http://www.chilerenewables.com