This is in line with the aims that the new government has established, including the renewables law objective of 20% by 2025.

Traditionally most foreign investment has been concentrated in mining enterprises. According to Pizarro, from 2009 to 2012 50% of overseas investment went into the mining sector. This is viewed by the new officials as a weakness of the Chilean economy, which they are eager to change.

The goal to diversify the foreign investment pipeline goes in sync with the country´s aim to generate more renewable energy, including solar power.

Particularly in relation to concentrated solar power plants, the need for overseas funding is crucial since it is a technology that has not been yet developed fully in the country. Therefore, the investment will come from finance bodies with previous experience in financing such projects in other markets.

At ChileSol 2014 (27 & 28 May, Santiago de Chile), there will be a ground breaking panel on solar finance which will feature local, regional and international banks. CSP Today and PV Insider have confirmed the participation of the Inter-American Bank, Banco BICE, BBVA, DEG-KfW and the OPIC.

For more information about ChileSol and the finance panel visit: http://goo.gl/gihUfH

Or contact Mercedes Galindez at mercedes@csptoday.com