Chile is seeking to use its lengthy coastline to host around 200 GW of marine power and has kicked off development of the sector by taking bids to build the country’s first two projects.

The government is soliciting bids from developers for around $14m in grants and the winners will be required to match the investment in pilot projects.


Christoph Tagwerker, an engineer in the climate change and sustainability division of the Inter-American Development Bank, which will provide an additional $2.4 million in grants for the facilities, told Bloomberg “If the country can use just a small portion of this potential it could strongly influence the country’s power matrix,” he said.

The country is planning a tidal-power plant that will have at least 800 kilowatts of capacity and cost as much as $20 million, and a wave-energy project will be smaller and may cost about half that amount, he said.

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