In Chile, the NAMA aims to reduce greenhouse gas emissions by fostering renewable energy systems in small and medium-sized businesses. Thus it will contribute to increased energy security, improved quality of energy services at lower costs, and the creation of new job opportunities.
The project has been developed to remove barriers and incentivise the incorporation of decentralised renewable energy systems in private and public infrastructure in the short term. To counter the lack of incentives and experience among project investors and financial institutions in financing these energy systems, the NAMA Support Project will provide co-financing for feasibility studies, for investment grants to set up these systems, and for training and advisory services to improve the financial sector’s understanding of such systems. Furthermore, a guarantee fund will be set up in order to support the provision of loans by financial institutions.