Santigo, Chile - The German government has pledged up to US$126 million to fund Chilean research into renewable energy and energy efficiency.
The Chilean minister of energy, Marcelo Tokman, announced the agreement during an official visit to Berlin, Germany, this month.
A spokesperson for Chile's National Commission of Energy told SciDev.Net that the German government will donate US$11.5 million and lend up to US$114.5 million.
During the visit, Tokman also formally accepted an invitation for Chile to become one of the founder countries of the new International Renewable Energy Agency (IRENA).
IRENA — an initiative led by Germany — aims to promote the use of renewable energy sources such as solar energy, wind power, regenerative biomass, wave and tidal power worldwide.
It will also support national energy planning, research centres and technology transfer, especially from industrialised nations to developing countries.
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