Chile Seeks Developed Status, Meets Soaring Energy Costs

Fernando Almeda, who moved to south-central Chile’s Curico valley from his native Spain two decades ago to pursue his love of winemaking, says the Andean nation is a paradise for vintners. Its Mediterranean-like climate is well suited to growing grapes, while the Andes mountain range to the east and Atacama Desert to the north provide natural barriers against pests.

And as Chile comes closer to becoming a developed nation, it cultivates a growing number of consumers who can afford the quality of wine produced by Miguel Torres Chile vineyards, where Almeda works as technical director, Bloomberg Markets magazine will report in its February issue.