June 01, 2016 23:23 ET

Julio Cesar Diaz Witwicki -- Praises Chile's Emphasis on Solar Power

MEXICO CITY, MEXICO--(Marketwired - June 01, 2016) - Finance and technology expert Julio Cesar Díaz Witwicki recently praised Chile for the emphasis it has been placing on solar energy. The South American nation has become the region's leader in solar PV (photovoltaic cells) power, and as the need for renewable sources increases, Chile has provided an example of how to successfully move in the direction of sustainable energy use.

At the beginning of 2016, Chile became the first country in the region to reach one gigawatt of installed solar PV -- a considerable capacity for production of electricity through environmental power. Many additional projects are currently under construction, and a host of others have either received approval or are being considered. With the programs in progress expected to go online between now and the end of 2017, Chile is poised to become a major player in producing electricity from sustainable elements.

Julio Cesar Diaz Witwicki addressed the fact that with the considerable capacity for solar PV-produced electricity Chile is committing to, the country will be able to export power to adjacent countries in addition to using it locally. A transmission line to Argentina, which has been inactive for many years, was recently reactivated for this very purpose. The Chilean government has embraced this move, with their energy minister suggesting the export of solar energy could be considered one of North Chile's main industries. "With this type of governmental support," Witwicki said, "it is clear Chile is committed to its contributions of sustainable energy." Within the country itself, solar electricity will be consumed in a number of ways. It will be sold immediately on the public market and in electricity distribution company auctions as well as being provided to mining companies through contracts. Many of these companies are multi-national corporations, which will provide an influx of valuable foreign exchange that strengthens the economy. With so many options for the sale of solar energy, the list of projects continues to grow, and with it, employment opportunities both in the construction phase and the ongoing need for permanent personnel. "With plans like those by Andes Green Energy representing an investment of US $11 billion," Julio Cesar Diaz Witwicki concluded, "Chile's dedication to solar energy is an example for the rest of the world."

Julio Cesar Diaz Witwicki is a leader and driving force within Central and South America's technology and finance industries. Based in Mexico City, Mexico, he is the director of the investment banking firm Simple Trading Corporation and the manager and private advisor to telemarketing company Strelaline, S.A. DE C.V. Witwicki is actively involved in volunteer activities focusing on business education such as the DESEM Foundation for Young Entrepreneurs. He also supports ONG "Manitos Unidas", a non-governmental organization that focuses on the promotion, aid, and development of the Third World countries.

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