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

May 24, 2022
Energy independence strategies and emerging technologies such as floating solar are helping bolster renewables investment across Europe.
May 12, 2022
Power conversion technology provider Ampt has delivered 240MW of string optimisers to the “largest solar-plus-storage plant” in Latin America according to Ampt.
April 22, 2022
The US’ Federal Energy Regulatory Commission (FERC) has issued a Notice of Proposed Rulemaking (NOPR) that aims to address transmission grid planning and cost allocation issues in order to open up access to more renewable energy projects.
April 11, 2022
Chilean PV developer Verano Energy has acquired 15 solar projects in Chile totally 116MW for an undisclosed amount, bringing its total project pipeline in the country to over 1.5GW.
March 30, 2022
Australia’s 2022-23 Federal Budget has “missed the mark” when it comes to supporting the energy transition and has neglected investment in transmission infrastructure over investing in fossil fuels at a critical junction in Australia’s decarbonisation journey, said the Clean Energy Council (CEC).
PV Tech Premium
March 25, 2022
After years of not living up to its solar potential, Brazil is on the cusp of a solar boom. A confluence of factors has led to rapid investment and deployment in the country, but a few hurdles still need to be overcome, writes Sean Rai-Roche.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas