Chile surpasses 1GW solar milestone

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Chile has surpassed the 1GW milestone for an emerging market. Credit: Chile Ministry of Natural Resources

Chile’s cumulative installed solar capacity has surpassed 1GW, according to the latest figures from Chilean renewable energy research institute (CIFES).

The amount of solar PV in operation in Chile reached 1,013MW as of the end of January 2016, up 165MW from 848MW at year end 2015.

There are now 2,195MW of projects under construction, with 10,755MW approved and a further 4,016MW awaiting qualification.

Chile's society for industrial development Sofofa also recently announced that in December last year, Chile had US$58 billion of renewable energy projects in various stages of development, accounting for more than 25GW of capacity. This goes hand-in-hand with Chile’s recent approval of a renewable energy target of 70% by 2050.

A total of 279 renewables projects were registered in 2015. Solar PV plants requiring US$28.9 billion investment are at various stages of development with the potential to generate 14,356MW of gross capacity, said Sofofa.

The Latin American solar market is expected to double to 2.3GW in 2016, up from 1.3GW last year, but it remains in its early stages having been held back by key markets in Brazil and Mexico, according to the latest figures from analyst firm GTM Research.

However, GTM claimed that Latin America’s main solar growth in 2015 came from utility-scale development in Chile, which installed 521MW.

Large-scale project news includes Pattern Energy Group’s 122MW solar PV project in the Antofogasta region of Chile being ready to begin operations in Q1 of this year, according the Ministry of National Resources.

Meanwhile, at the start of this year Italian-based renewable energy developer Enel Green Power (EGP) began construction of its 254MW Ituverava solar plant in the state of Bahia, Brazil, which will be one of the largest solar projects in Latin America.

Read Next

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.
July 2, 2021
Renewables developer Mainstream Renewable Power has achieved financial close for a solar and wind platform in Chile consisting of ten projects with a total capacity of 1.35GW.
July 1, 2021
Engie has been awarded rights to develop two hybrid projects in Chile that will combine solar, wind and battery storage and have a combined capacity of 1.5GW.
June 16, 2021
EQT infrastructure has announced a takeover bid for Solarpack, which owns approximately 450MW of operational solar PV projects.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021