Developers are increasingly interested in the country as they seek alternatives to the slowing European and US markets.
The models vary: Mainstream Renewable Power is using Chinese financing and Chinese turbines; Vestas is financing and building its own project. Given the lack of long-term contracts in Chile, both expect to sell power on the spot market. Pattern Energy, however, has signed a long-term power-purchase agreement (PPA) with Antofagasta Minerals, a mining company.
Meanwhile,
