Chile to hold renewables and energy storage auction later this year

Facebook
Twitter
LinkedIn
Reddit
Email
X-Eio’s 57MW Uribe solar project in Chile. Image: X-Elio.

Chile has published details of its latest power auction set to take place later this year that will contract 5,250GWh per annum for 15 years.

The country’s National Energy Commission (CNE) said it will carry out the tender to support the government’s decarbonisation efforts and the promotion of renewables and energy storage systems (ESS).

Domestic and international companies will be able to participate and bid for contracts to supply power from January 2027 to December 2041, CNE said.

According to the auction timetable, participants will have until 17 June to submit bids before winners are announced on 4 July.

Chile’s most recent power auction took place last September, was eight times oversubscribed and will see the country support 2GW of renewables and storage projects.

Successful bidders included independent power producers (IPP) Sonnedix and Opdenergy, solar manufacturer and project developer Canadian Solar and Portuguese utility EDP.

That tender closed with average prices of US$23.78/MWh, 27% lower than the country’s auction in 2017.

As of November 2021, Chile had just over 5.8GW of installed solar PV capacity, the vast majority of which is deployed in the northern regions of Atacama and Antofagasta, according to figures from the Chilean Association of Renewable Energy and Storage (ACERA).

Chile is targeting a share of 60% of renewables in power generation by 2035 and 70% by 2050.

Read Next

November 25, 2022
Finnish investment company Korkia has funded a partnership with Greek developers GH Energy and AA Sunshine to develop solar power parks in mainland Greece and Crete.
PV Tech Premium
November 25, 2022
Spanish solar players give their verdict on this week’s renewables auction, which was shunned by PV project developers.
November 23, 2022
Spain’s latest auction round that was held on 22 November ended up empty for solar PV and with only 45.5MW of wind power awarded.
PV Tech Premium
November 10, 2022
Spain is on track to install more than 4GW of utility-scale solar in 2022, a 25% increase on last year’s figures, according to José Donoso, head of the country’s PV association, UNEF.
PV Tech Premium
November 1, 2022
Home to some of the world’s highest solar irradiation levels and urgently in need of homegrown energy resources, Chile has established itself as a key PV market in Latin America. Jonathan Touriño Jacobo looks at that rise and asks what we can expect to see next for the country.
October 21, 2022
Winning bidders from Portugal’s solar auctions will have their tariffs increased in line with inflation as the government aims to ensure the projects remain economically viable.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 29, 2022
Malaga, Spain
Solar Media Events
February 22, 2023
Leonardo Royal Hotel London Tower Bridge
Solar Media Events
March 14, 2023
Berlin, Germany
Solar Media Events
March 21, 2023
Lisbon, Portugal
Solar Media Events
June 6, 2023
Napa, USA