Chile ’s solar great power industry has been pumping out electricity like no tomorrow . So much so , they ’re open it away for complimentary . But while consumers might rejoice at this news , big money investor are n’t so pleased .

Chile has quickly expanded their solar industriousness over the past few years . Along with the massiveAtacama 1 solar complexin the sun - imbrue north , Chile is home to 28 other solar power plants , with plan to work up 15 more . Bloombergreports this recent influx of solar power has create a surplus that ’s   resulted in blot terms of zero for 113 days between January and   April in many portion of the country .

Apart from   Europe , Chile has some of the man ’s most reform-minded and ambitious plan for clean vim . There have   beendiscussions to make“non - conventional renewable source ” account for about   70 percent of Chile ’s energy supply by 2050 . A tumid clod of this pct will get   from solar exponent . Since 2013 , the country ’s power power system has already quadruple its solar capacity to 770 megawatts .

These past few years have also seen   developers swarm to bound on Chile ’s solar bandwagon , in part to power   its growing mining industry in the north . But along with global economical sluggishness , the market became crowded and their home storage-battery grid created a surplus of electricity . as , out-of-date base mean that the country ’s transmission line of reasoning were ineffective to distribute the electrical energy evenly and promptly enough .

While it ’s assure to see such a bluff move towards clean energy , the fear is that investors will now be put off from venturing into raw   energy informant .

“ Investors are lose money , ”   Rafael Mateo , master executive officer from energy investors Acciona SA , toldBloomberg . “Growth was perturb . You ca n’t have so many developers in the same place . "

Germany ’s power grid had a similar story last month , where it produced so much electricity from renewable free energy seed that they effectivelypaid consumer to use it .

[ H / T : Bloomberg ]