Chile expected to add 1.5GW of renewables in 2017

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
As of 31 December 2016, the Chilean electricity system had 4,150MW of renewables installed. Credit: ACERA

Chile is forecast add 1.5GW of new renewable energy capacity in 2017, according to Carlos Finat, the executive director of Chile’s renewable energy association, ACERA.

Speaking at the annual ACERA press conference, Finat said that 2016 saw energy prices reach lows that were previously “unthinkable”, while the industry had grown “explosively”.

As of 31 December 2016, the Chilean electricity system had 4,150MW of renewables installed, while it also surpassed 1GW of solar at the beginning of 2016.

ACERA expects renewable deployment in 2017 to maintain a growth rate similar to that of 2016 and predicts that renewables generation will reach 30% in 2030 and 100% by 2050.

However, Finat said the sector faces several challenges such as implementing the regulations of the major transmission law upheaval of 2016.

Referring to the ongoing construction of the Cardones-Polpaico line, Finat added: “We are very concerned that we will continue to delay, so it will be a matter that we will follow closely and we will make every effort within our reach to operate within the appropriate timeframe.”

2017 will also see the beginning of the presidential election period, which is sure to shape the future of energy policy.

Newly-appointed president of ACERA, José Ignacio Escobar, added: “Energy independence is of great value and we must continue working to achieve it. With regard to the challenges ahead, I believe that the essential point remains to make Chile a sustainable country, and for that, [renewables] are a key and fundamental tool.”

On another note, ACERA analysis suggests that if renewables had not been included in the country’s largest ever power auction last year, the average price of the adjudication would have been US$55.1/MWh, far above the final US$47.6/MWh that was achieved. However, Solar only received a small portion of the capacity available with wind dominating.

Read Next

April 16, 2021
The US Federal Energy Regulatory Commission (FERC) has announced a string of initiatives to help develop the country’s power grid, including tightening a transmission incentive policy for utilities and a workshop that will explore how companies can benefit from grid-enhancing technology.
March 15, 2021
Powertis has started construction work on two PV plants in Brazil that each have a capacity of 112.5MWp and are the Spanish developer’s first solar plants in the South American country.
March 1, 2021
An Australian solar-plus-storage project that aims to supply 20% of Singapore’s electricity demand has been marked as a priority initiative by advisory group Infrastructure Australia.
February 23, 2021
Mytilineos is looking to transfer its global experience of solar and storage project development to help decarbonise the Greek electrical system and hit 3GW of PV capacity by 2030.
February 19, 2021
Green energy group Mainstream Renewable Power and Norway’s Acker Clean Hydrogen have signed a letter of intent to explore the development of green hydrogen and producing ammonia in Chile.
January 20, 2021
In this project round-up, NextEnergy makes acquisitions in Portugal and Chile and BayWa r.e. sells two solar sites in Malaysia to local power producer reNIKOLA Sdn Bhd.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021