Renewables represent 41% of Chile's current projects - report
Nov 19, 2014 - A total 48 power projects of 3,682 MW in Chile reached construction phase until the end of October, 41% of which is non-conventional renewable energy, local daily El Mercurio reported today.
Solar power plants under construction represent 1,164 MW, an increase of 423% since March 2014. The projects include photovoltaic (PV) facilities and the concentrated solar power (CSP) plant of Spanish investor Abengoa SA (BME:ABG).
The 141-MW PV Luz del Norte, built by First Solar Inc (NASDAQ:FSLR), is the largest solar project.
At the end of September, Chile had an installed renewable energy capacity of 1,803 MW, according to the last report of the energy ministry's sustainable energy centre CIFES. Wind and biomass energy stood at 737 MW and 461 MW, respectively, followed by 343 MW of small-scale hydro, 219 MW of PV and 43 MW of biogas.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.