Chile's a great opportunity for wind power development. Mainstream Renewable Power, the leading Irish renewable energy company, is going to invest a billion dollars (US) into Chile's wind farm development, as stated by Eddie O’Connor, company CEO and co-founder. The investment is going to be segmented over the next five years, and is part of an alliance with Chile's Andes Energy. The project should generate more than 400 MW of electricity for more than 300,000 households.

Mainstream Renewable Energy general manager in Chile, Jose Ignacio Escobar, stated that the billion dollar investment is just the beginning. He said that options are open towards installing much more capacity, as much as it is determined possible. The first wind farm will be built in Laguna Verde, near Valparaiso, and is expected to go online as early as 2010. The last stage of the environmental study is the installment of 16 2.3 MW turbines, engough to power 19,000 households. Several areas have been identified to have "very good wind conditions" across Chile.

According to O’Connor, Chile has natural resources to develop about 44 GW of wind energy, and about 37 GW of solar energy, which could easily make Chile an exporter of clean energies.