Funding released to accelerate 740MW of renewable energy development in Chile

Facebook
Twitter
LinkedIn
Reddit
Email

Chile’s government has released CLP780 million (US$1.3 million) to fund the early-stage development of 51 renewable energy projects totalling 740MW.

The funds will be awarded by the country’s Ministry of Energy research arm, Centro de Energías Renovables (CER), to support the costs of co-finance and pre-investment studies in early and advanced project development stages.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The funding will support the 12 solar power plants, 15 small hydro projects, 15 wind, 7 biomass, a hybrid project and new transmission lines.

The funding will be aimed at renewable energy developments under 50MW.

Chile’s energy minister Max Pacheco said the funding award is part of the country’s 'energy agenda'. As part of this, the government has established a priority for indigenous energy sources that create a new supply of renewable energy, and bring in new business, providing space for different sized projects of different technologies.  

The funding was announced by Pacheco, and the government of Chile’s competitive development corporation, CORFO’s vice president, Eduardo Bitran, and the director of CER, Maria Paz De La Cruz.

The German development bank, KfW, is to provide some of the CLP780 million funding, as part of an international agreement to support renewable energy in the country.

CORFO’s Bitran said that KfW will provide a loan to grant a subsidy for renewable energy generation, and a project grant to encourage the private sector to develop renewable energy.

Martina Stamm from KfW said: “Chile has a huge potential of renewable energy resources such as wind, solar, biomass, small hydro and geothermal. The pre-investment studies CER instrument is very important for the thorough preparation of NCRE projects bankable. ”

This month Chile also launched a net metering scheme for solar systems under 100kW, and the environmental agency has approved 392MW in new solar developments, and another 698MW solar power plant.

Read Next

September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
Premium
September 10, 2025
PV Talk: Italy’s new CfD policy offers clear support for solar developers in an otherwise uncertain legislative landscape, says Terrawatt's Patrizio Donati.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines