Climatescope research has today revealed that Chile ranks third as the best place for renewables companies to do business.

The research, by Bloomberg New Energy Finance, ranks 55 emerging market nations using a data driven model that takes into account 53 distinct indicators to produce overall scores for individual nations. Countries are then ranked to highlight those most attractive for clean energy investment and capacity build-out.


Chile moved up two places from last year to achieve third place, surpassing India in the rankings.


Renewables are at the core of the Latin American power matrices, placing four countries in the top ten. The region enjoys exceptional natural resources which make renewables projects more cost effective.

This, coupled with ambitious government targets, a strong enabling framework and a surge in investment activity makes Chile highly attractive.


A recent report by Deutsche Bank revealed that in Chile, solar energy is the cheapest form of power, with new installed solar capacity expected to reach 1GW by the end of this year. In the country's recent power auctions, renewable energy won all the available contracts, with no contracts awarded for fossil fuel generation.


Rame CEO Tim Adams commented 'This research confirms what we already know; that Chile is an exceptional market in which to do renewable energy business. Given that some of our peers are based in India, the impact of its drop in the rankings will be interesting to observe. For Rame, this research evidences the attractiveness of our prime renewable energy market and we will continue to leverage our early mover advantage to deliver strong financial returns'

Date: 23 November 2015

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