• Up to $60 million can be obtained by companies for co-financing projects that allow electricity or thermal generation by themselves renewable energy.
• This initiative envisages a total funding of $1.2 billion, which is expected directly benefiting more than 100 companies of all national size.

The Minister of Energy, Diego Pardow, came to the COVISA copper cable factory to meet on the ground with one of the companies that won the first version of the “Put Energy to Your Company” program, which will receive a new designation this year.

This Ministry of Energy and European Union (EU) initiative provides co-finance of up to $60 million to implement self-consumption projects through renewable energy, aimed at micro, small, medium and large enterprises.

Minister Pardow emphasized that this initiative “will enable companies of all sizes to join the renewable energy transition with technologies that will enable them to reduce the costs associated with their production processes and also, very importantly, reduce their carbon footprint.”

Meanwhile, EU Ambassador in Chile, León de la Torre Krais, said: “With this new call, the EU strengthens its commitment to collaborate with Chile on climate change mitigation, in this case together with the private sector, promoting the use of renewable energy. energy. We look forward to receiving new proposals to include practical, efficient and innovative solutions that will enable us to achieve our common climate goals.”

“The application must be made in conjunction with the energy service provider. This also has implications for improving the ecosystem of suppliers and consultants in the sector,” added the Minister of Energy and Mineral Resources.

Through this initiative, it will be possible to co-finance renewable energy projects for electrical, thermal or cogeneration energy, through any renewable technology for self-consumption. The contest will be open until March 31, 2023.

Ponle Energía a tu Empresa was implemented within the framework of the project “Renewable Energy for Own Consumption in Chile” of the NAMA Facility, a project implemented by KFW and GIZ, commissioned by the Ministry of Economic Affairs and Climate Action (BMWK) of Germany, UK Business Department, Energy and Industrial Strategy (BEIS), Danish Ministry of Climate Energy and Public Services (KEFM), Danish Ministry of Foreign Affairs (MFA), European Union and Children’s Investment Fund (CIFF). ), via KfW.

The full financial component will have a budget of 14 million euros, provided by the European Union, intended to promote investment in self-consumption projects, as well as the development of the financial sector in this area.