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The war in Iran and the closure of the Strait of Hormuz have triggered a sharp rise in international oil and gas prices, prompting Germany and the United Kingdom to make wind energy a central pillar of their immediate responses to the new energy crisis.
Expanding power transmission will be key to unlocking investment in renewables, storage and mining, according to the World Bank Group’s IFC.
The Chilean Renewable Energy and Storage Association presented a set of policy and technical recommendations aimed at strengthening grid integration, boosting energy storage and reducing the country’s reliance on imported fossil fuels, which still account for 63% of total energy consumption.






