Chile

US$500 million approved for AES Gener renewable projects

Shareholders of Chilean developer AES Gener approved the proposed raising of US$500 million for the installation of 1.6GW of solar and wind projects in Chile and Colombia.   The total US$1.8 billion in funding will come from a combination of the US$500-million capital increase, cash and third-party partnerships. This includes US$335 million from top shareholder AES […]

Energy giant Enel says Covid-19 won’t affect plan for renewables portfolio in Latin America

In its latest financial announcement, Italian energy company Enel said the pandemic currently poses “no material disruption” to its renewable project supply chain, and that it expects to meet its 2020 energy targets. The company intends to move forward with plans to add an additional 14.1GW of renewables by 2022, which includes projects in Chile […]

Chile aims for 100% electric public transportation by 2040

Chile will underscore its commitment to sustainable energy ahead of Expo 2020, with the announcement by the country’s government they will decarbonise the electric sector and implement 100% electric public transport by 2040 and achieve carbon neutrality by 2050. Source

$580 million secured for wind & solar plant in Chile

Mainstream Renewable Power has raised US$580 million to fund phase-one construction on what will eventually be its 1.3 gigawatt “Andes Renovables” wind and solar power plant in Chile—one of the largest in Latin America. Financing was provided by a consortium of six banks and is one of the region’s largest renewable energy debt financing deals […]

Construction starts on Chile geothermal plant’s 33MW addition

The construction of a third generation unit at Cerro Pabellon geothermal power plant in Chile which will add 33MW of new capacity started last week. Construction is led by Geotermica del Norte SA, a joint venture between Enel Green Power Chile, and Chile’s state oil company Empresa Nacional del Petroleo SA. An investment of USD […]

Chilean government shows increasing enthusiasm for geothermal

Chile’s Undersecretary of Energy, Ricardo Irarrázaba, highlighted the geothermal potential of the country, and his government’s commitment to take advantage of this energy resource. The geothermal potential of explored areas in Chile is around 3000MW, which with the possible uses of thermal energy in Chile “places us, again, in a privileged place worldwide for the […]

Closing GEOLAC 2019: Cerro Pabellón Geothermal Plant Site Visit

From our Editorial Team

The 6th Geothermal Congress for Latin America and the Caribbean (GEOLAC) closed with a site visit to the Cerro Pabellón Geothermal Plant. Located 4,500 meters above sea level in the Atacama Desert, Cerro Pabellón is Chile’s only geothermal plant, and the highest in the world.   The tour, led by Guido Cappetti, CEO of Geotérmica […]

Chile to issue more sovereign green bonds

Chile emitted its first sovereign green bond last week. Due to its success, further sovereign green bonds are expected to be issued by the state. The bond low’s interest rate, good rating and its high demand resulted in the success of Chile’s first green bond to surpass expectations. “The issuance of our first green bond […]

Chilean Government Q&A: What’s next for geothermal?

From our Editorial Team

Q&A with Gabriel Prudencio Flaño, Head of Sustainable Energies Division, Ministry of Energy, Government of Chile Following the 2017 commissioning of South America’s first geothermal power plant, Chile continues to look for ways to expand its geothermal portfolio. Chile’s Ministry of Energy shares thoughts on the sector and how a government effort to remove regulatory […]