Gain comprehensive insights into the statistics and metrics surrounding the solar production industry in Chile
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Chile Solar Report
Gain comprehensive insights into the statistics and metrics surrounding the solar production industry in Chile
Key points
Yearly sunshine (sun hours per year)
Sunshine Duration
Chile, the world’s longest country, has varying sunshine hours in different regions, with an average of 3285 hours per year or 9 hours per day.
Solar radiation
Chile’s average Direct Solar Radiation is 2506 kWh/m2 per year or 6.9 kWh/m2 per day.
It is the highest 3,800 kWh/m2 per year or, 10.4 kWh/m2 per day in the Atacama Desert.
kWh per kWp installed
Average cost per kWh from utility company
The price of electricity for households in USD was 17.5 cents per kWh, and for businesses, it was 13.3 cents per kWh in December 2023.
Reliability of electrical power supply grid
Chile’s electrical grid has a System Average Interruption Duration Index (SAIDI) of 3.4 hours and a System Average Interruption Frequency Index (SAIFI) of 1.34, indicating moderate reliability with relatively few and brief power outages.
Detailed Information
Total installed photovoltaic (PV) capacity in Chile was 8.36 GW in 2023.
The Chile Solar Energy market in installed base is expected to grow from 8.40 GW in 2024 to 21.61 GW by 2029, at a CAGR of 20.80%.
The average cost of electricity produced by different sources in Chile was estimated by IMF in 2020 as follows:
In Chile, the energy production landscape is diverse, with hydropower leading at 28.59% (23.90 TWh) of the total energy mix. Solar energy contributes significantly as well, accounting for 19.91% (16.65 TWh), followed by gas at 18.53% (15.49 TWh) and coal at 16.70% (13.96 TWh). Wind energy provides 11.82% (9.88 TWh), while oil and other renewables make up smaller portions at 3.96% (3.31 TWh) and 0.50% (0.42 TWh) respectively.(2023)
Energy Source | Production (TWh) | Percentage |
Hydropower | 23.9 | 28.59% |
Solar | 16.65 | 19.91% |
Gas | 15.49 | 18.53% |
Coal | 13.96 | 16.70% |
Wind | 9.88 | 11.82% |
Oil | 3.31 | 3.96% |
Other renewables | 0.42 | 0.50% |
Projected Renewable Energy:
The 2022 National Energy Policy sets targets of 80% of the electricity mix from renewables in 2030 (60% from non-conventional renewables) and 100% zero emissions in 2050.
The average number of electricity supply interruptions, reported by the distribution companies, reached 14.53 hours in 2022.
SAIDI and SAIFI indicate that each customer in Chile faces 3.4 hours of power outages and 1.34 times interruptions per year.
Chile produced 220 MW out of the 8400 MW of cumulative installed PV capacity in 2023 from residential installations which is 3% of the total solar production.
Rooftop PV installations under the nation’s net-billing regime have reached 19,730 projects.
Installed:
There are 30 large-scale solar power plants in Chile.
According to the official website Generadoras, there are 1635 operational Solar farms in 7 regions of Chile.
Projected:
According to the official website Generadoras, there are 1056 Solar farms under construction and 239 under test in 7 regions of Chile.
No data found
The Chile Solar Energy market in terms of installed base is expected to grow from 8.40 GW in 2024 to 21.61 GW by 2029, at a CAGR of 20.80%.
The current population of Chile is 19,660,659 as of Tuesday, July 23, 2024.
Using data from 400 + commercial and office properties, the average rent for factory and office is estimated to be:
Industrial Electricity Rates: 13.3 cents per kWh.
Water Costs: The cost in Santiago de Chile is 1.23 USD/m3 (drinking water is 0.59 USD/m3 and wastewater is 0.65 USD/m3.
Key Components of Administrative Costs
Salaries and Wages:
Estimate for Office Rent: 40.2 USD /m2/month
Insurance: On average, each person in Chile is expected to spend US$117.50 on the Property Insurance market in 2024.
In Chile, the energy production landscape is diverse, with hydropower leading at 28.59% (23.90 TWh) of the total energy mix. Solar energy contributes significantly as well, accounting for 19.91% (16.65 TWh), followed by gas at 18.53% (15.49 TWh) and coal at 16.70% (13.96 TWh). Wind energy provides 11.82% (9.88 TWh), while oil and other renewables make up smaller portions at 3.96% (3.31 TWh) and 0.50% (0.42 TWh) respectively. (2023)
Leading players:
The main companies involved, in terms of installed capacity, are the following:
Transmission & Distribution
Chile’s power generation is divided into four main grids: the northern SING (19%), the central SIC (68.5%), Aysén (0.3%), and Magallanes (0.8%).
All systems come under The National Electricity System (SEN), born in 2017, it is 38,629 km of Transmission system lines (from Arica to Chiloé) providing electricity to 98.5% of the population.
Leading Players taking part in the transmission and distribution of electricity are Transelec, Celeo, Engie Chile, Transemel,TEN, Saesa Group, Kimal_Lo Agirre Connection, Atlantic,Ferrovial, Isa InterChile, and many others.
Major power plants in Chile
Thermal Power Plants:
Major thermal power plants in Chile running on coal and fossil fuels are the following:
Ventanas Power Plant
Kelar Power Station
San Isidro Power Station
Angamos Power Plant
The five largest hydropower plants currently in operation in Chile are as follows:
Ralco
Pehuenche
Colbun
Pangue
El Toro
Cabo Leones Wind Farm
Malleco Wind Farm
San Juan Wind Farm
San Gabriel Wind Farm
Sarco Wind Farm
Energy Imports:
In the year 2023, Chile has spent 4385 million USD on imports related to energy sector.
In Chile, solar panel manufacturers must adhere to specific international certifications to ensure product safety and efficiency. Key certifications include:
Chile has set an ambitious goal of converting 70% of its total energy consumption to renewables by 2030 and pledged to become carbon neutral by 2050.
Investment: Chile launched a USD 800 million solar energy initiative in 2016 to boost innovation, local industry, and the shift from fossil fuels to solar power, particularly in mining.
Net Metering: Net metering in Chile, established in 2014, allows PV systems up to 100 kW to receive bill credits for electricity fed back into the grid.
Atacama Desert Solar PV Park (CEME1)
Guanchoi Solar PV Power Project
Campos del Sol Solar PV Power Project
Escondido Solar PV Park
Finis Terrae Solar PV Park
Cerro Dominador solar power plant
HOASIS Solar PV Park
HYEX Solar PV Park
Inti Pacha Solar PV Park
Alfa Solar PV Park I
ERNC Antofagasta Solar PV Park
AES has announced plans for a new solar-plus-storage project in Chile, featuring a capacity of 764 MW.
A global leader in renewable energy, Acciona EnergÃa is heavily invested in Chile’s solar market, developing and operating large-scale solar power plants.
Solar News Related to Chile
Your First Step In Solar Production
In 2021, the global market size of solar power was valued at 167.83 billion USD, and it is projected to grow from 234.86 billion USD in 2022 to 373.84 billion USD by 2029, exhibiting a CAGR of 6.9% during the forecast period.
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