Region: Latin America and Caribbean
Sectors: Energy and Power
The Chilean renewables market has been the focus of much interest in recent years, as the industry reacts to the potential for growth and the offer of economic and political stability. As of December 2013, installed renewable capacity represented 6.3 per cent of the energy mix in Chile. By June 2016, this amount doubled, reaching 12.65 per cent of total electrical capacity (20,151 MW).
The renewable energy market in Chile is ready to make the leap towards greater development. This was evident in 2015, when the country attracted more than 50 per cent of total investment in the renewable market for Latin America and the Caribbean.
Image by Pixabay
Updated: August 27, 2021