Title: Chile solar auction sets new record low for solar PV

Languages: English

Published: November 7, 2017

Region: Latin America and Caribbean

Country: Chile

Sectors: Energy and Power

Keywords: Solar power

Tags: renewable Energy


Document Summary:

Energy auction in Chile received the lowest price for solar in the region

Document Details:

While tender schemes open up flexible and innovative design options (e.g. time blocks, storage components), the quality of the design and implementation is crucial to the success of competitive tenders. In Chile, an energy auction in November 2017 received the lowest price for solar in the region with 2.15 US cent/kWh after the tender process was amended in 2015 (Law 20,805) and a longer contract term (20 years) and different sized hourly blocks of energy supply (day, peak, night, 24 hours) were introduced. Read more.

Updated: October 25, 2021