Chile to capitalize on NCRE potential

Thursday, August 14, 2014

Chile has the potential to develop 40GW of wind, 12.5GW of hydro, more than 1,000GW of solar and 2GW of geothermal projects, according to the country's energy ministry.

Approximately 3Mha have been awarded in concessions for geothermal exploration, the ministry's renewable energy division head, Christian Santana, said at BNamericas' 4th LatAm Power Generation Summit.

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The country has brought more than 90 non-conventional renewable energy (NCRE) generation projects into operation since 2007.

More than 17GW of NCRE projects have been entered into the state's environmental impact evaluation system (SEIA), Santana said.

At the end of June, NCRE projects accounted for 8.8% of Chile's installed capacity.

Under President Michelle Bachelet's energy agenda, 45% of new installed capacity in 2014-25 must come from NCRE sources.