Chile is rapidly moving to build more power generation capacity, with much of that effort focused on renewable energy resources and battery energy storage systems (BESS). The country as part of
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The Chilean solar energy market is experiencing robust growth, driven by the country''s abundant solar resources, supportive government policies aimed at diversifying its energy matrix and
Additionally, according to a study by the Chilean Association of Power Generators, by 2030, solar power is expected to reach 30% of total installed capacity, becoming the country's first source of electrical energy. The increasing solar capacity and development of new projects are expected to drive the solar energy market in the forecast period.
February 2022: Solek Group signed a framework agreement to construct solar projects in Chile with its Chilean affiliate, Solek Latam Holding. Solek will be able to develop up to 28 solar (PV) power plant projects with a combined capacity of up to 200 MW under the terms of the agreement.
During the coming years, solar PV technology is expected to account for the largest share in new renewable capacity addition. In 2021, the total renewable energy capacity of chile accounted for 14890 MW, with an annual growth rate of 18%. The solar industry has cut costs dramatically in the past few years through economies of scale.
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