IDB eyes Chile for tidal projects | Tidal Today

From Elisabeth Jeffries at Tidal today :
Dec. 17th, 2013.
"Chile is to host a new range of tidal projects, according to the Inter-American Development Bank (IDB). Project developers will be financed from a USD 1.8m funding pot made available by the bank, a major source of development financing for Latin America and the Caribbean."

While this is promising news for the tidal energy sector, there are a few steps that need to be taken first. Notably, applicants will not access IDB funding until the Chilean government approves and confirms its own separate pilot project finance of USD 9m for tidal power, expected in 2014.

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