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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Battery energy storage systems (BESS) play a crucial role in Chile’s energy landscape, leveraging its vast resources. The Atacama Desert has plenty of solar resources and extensive wind potential. This has positioned Chile as a leader in renewable energy adoption in South America. Most renewable energy sources are intermittent; this necessitates robust energy storage solutions
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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
Armor Rods & Tech Boost Chile’s Green Power Expansion Read More »
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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Engie Chile has hired Portugal’s CJR Renewables to build the 165 MW Pemuco wind farm in the Nuble region of central Chile. The CJR will oversee both civil infrastructure and electrical construction. This encompasses the building of foundations and platforms, access routes, and the laying of medium-voltage network cables. The project will involve an investment
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Exxon Mobil and SLB are ready to meet with Chilean officials to discuss potential lithium investment opportunities. This represents a strategic shift by traditional energy companies towards renewable energy resources. Lithium is a crucial mineral for electric vehicle batteries to support the global transition to sustainable energy. Exxon Mobil is considering the implementation of direct
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Due to the recent power blackout in Chile, the authorities should aim to ensure grid resilience to combat these challenges. Chile has one of the most dynamic energy markets in South America, with a strong push toward renewable energy integration. The country focuses on increasing renewable penetration while maintaining a stable and resilient grid. Advancements
No-Wrench Screw Anchors: Essential for Chile’s Power Grid Read More »
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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