Chile announces plans for 1GW solar park at COP22

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Environment minister Pablo Badenier and Corfo's executive vice president, Eduardo Bitran at COP22. Credit: Corfo

Chile plans to develop a solar park of between 750MW to 1GW capacity to power the mining industry in the Atacama region, according to a release from Chilean development agency Corfo.

This would almost double Chile’s current solar capacity having become the first latin American country to surpass 1GW in January this year. However, the Chilean renewable energy research institute (CIFES) has not released installation figures for several months.

The new solar park, to be known as the ‘Solar District’, will require investment of US$4 billion and will generate around 3,000 jobs during construction.

Environment minister Pablo Badenier and Corfo's executive vice president, Eduardo Bitran, announced the plans while presenting Chile’s national strategy for climate change at COP22 in Morocco.

Chile will focus on reducing PV costs by 25% using the extremely favourable conditions of the Atacama desert, aiming to reach prices of US$0.02/kWh by 2025.

In August, renewables firm SolarPack was awarded a project in Chile to produce 280GWh per annum at what was then a record low tariff US$0.0291/kWh.

Chile will also utilise the availability of lithium salt resources to improve energy storage technology and will invest in the major interconnection between the central and northern grids SIC and SING. A Solar Technology Center in Antofagasta will also be created.

Around 100 new companies are expected to be taking part in Chile’s soalr industry by 2025 as a result of these opportunities.

At COP21, Chile committed to reduce its emissions by unit Of Gross Domestic Product by 30% by 2030, taking as reference base year the emissions achieved in 2007.

Morocco partnership

In related news Corfo signed a cooperation agreement with the Moroccan Agency for Sustainable Energy (MASEN) to boost the solar industry, R&D and the implementation of future projects between Chile and Morocco.

MASEN recently selected Acwa Power and Chint to develop the 170MW NOOR 1 PV project in Morocco.

Read Next

October 27, 2021
Swiss fund manager SUSI Partners is acquiring a portfolio of more than 200MW of distributed solar PV and wind assets in Chile, marking its first investment in Latin America.
October 11, 2021
Two consortiums have been selected to take part in the tender for the construction and operation of the first long-distance high-voltage direct current (HVDC) power line in Chile, with a capacity of 3GW.
September 26, 2021
A 10.5GW solar-plus-wind project is under development in Morocco’s Guelmim Oued Noun region, with 3.6GW of this to be exported to Great Britain.
September 8, 2021
Sonnedix, Opdenergy and Canadian Solar were among the five successful bidders in Chile’s latest power auction, which took place yesterday (7 September) and will see the country support 2GW of renewables and storage installations.
July 20, 2021
Chilean developer Mainstream Renewable Power today announced plans for a new renewable energy platform in Chile with over 1GW of capacity
July 7, 2021
Power generation and distribution company AES has signed an agreement with the Chilean government to close 1.1GW of its coal power generation in the country as soon as 2025.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
December 21, 2021
Free Webinar
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal

PV TECH POWER VOLUME 29 OUT NOW—Get 35% off your first year

Solar’s 2030 blueprint