In 2021, Chile’s auctions achieved a record low price of $13.32/MWh for solar, among the cheapest in the world. Recently, Chile’s National Commission (CNE) published draft bidding rules for its next regulated supply auction. Officials aim to offer 1,680 GWh to be supplied for four years starting in 2027. This auction is a key mechanism […]
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Chile is emerging as a global green hydrogen industry, given its abundant solar and wind resources. Electrolyzers play a crucial role in the development of green hydrogen for the energy transition. Electrolyzers split water into hydrogen and oxygen using renewable electricity. Chile will be able to count on its first electrolyzer factories after Corfo awarded
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Engie Chile is committed to closing its coal and diesel plants by 2025 and replacing them with renewables and battery storage. The company has stated its commercial operations at its 68 MW Tamay battery energy storage system. BESS Tamaya will store electricity generated by the 114 MW Tamaya photovoltaic plant on the same site. The
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Chile is a global leader in renewable energy with abundant solar resources from regions like the Atacama Desert. The development of solar PV and solar and storage hybrid projects in Chile plays the central role in its energy transition. Chile also has favorable policies and investment in storage solutions that propel renewable energy to a
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Chile aspires to be a global leader in green hydrogen development by exploiting copious renewable energy resources, favorable government regulations, and helpful geographic positions. Green hydrogen is produced by electrolysis of water with renewable energy. Chile has an abundance of natural resources suitable for solar and wind energy production. This occurs in places like the
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Germany, though the development bank, KfW, is investing in Chile’s green hydrogen sector, leveraging its abundant renewable resources. KfW signed an agreement with the Chilean Ministry of Finance and the economic development agency to provide a $103 million promotional loan. This initiative aims to ease the decarbonization of Chile’s economy by promoting the production and
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As the transition towards clean energy sources, 2025 is shaping up to be a pivotal year for the power sector. South America’s energy sector is undergoing significant transformations driven by technological advancements, policy shifts, and the push for sustainability. The region has advances in renewables, smart grids, and storage technologies. The drive toward decarbonization, decentralization,
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Verano’s Domeyko solar-plus-storage project in Chile consists of an 83 MW solar PV plant and a 660 MWh battery energy storage system. This enables the country to harness copious solar energy during peak sunlight hours while also storing excess energy for later use during low-production seasons. The project costs roughly $230 million and is projected
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Loja, Ecuador, has initiated procedures to build a 200 MW solar project, given its high potential for solar energy. The region has high solar irradiance due to its favorable climatic conditions. There are other small projects that aim to provide electricity to remote communities not connected to the national grid. Solar energy development in Loja
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The industrial HVAC sector in South America is expanding due to a rising demand for energy efficiency and the growth of renewable energy. HVAC control systems comprise heating, ventilation, and air conditioning. The HVAC control systems sector has emerged as an essential element in the shift towards sustainable solutions. The swift urban growth in South
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