Energy Efficiency Drive in Chile's Business Sector
Key Ideas
  • Chile's business sector is experiencing a surge in energy efficiency and emissions-reduction initiatives driven by state policy and economic factors.
  • Stakeholders in Chile, including government bodies, associations, and private companies, are actively promoting energy efficiency solutions to mitigate operating costs.
  • The country aims to reduce energy intensity by at least 10% by 2030, with potential savings of over US$15bn and a significant reduction in carbon emissions.
  • Key players like Anesco are leading the charge by offering comprehensive energy management tools and financing models that promote sustainability and cost-effectiveness.
Chile's business sector is undergoing a significant transformation towards energy efficiency and emissions reduction, spurred by a combination of state policies and economic circumstances. The country has already established energy efficiency and climate change legislation, with an impending energy efficiency plan awaiting finalization. The recent adjustment in electricity rates and the potential increase in public service charges for large industrial clients have generated a heightened interest in solutions that can help alleviate business operating costs. During an energy efficiency conference in Santiago, stakeholders emphasized the importance of immediate action and the need to capitalize on existing technologies and policies. The International Energy Agency (IEA) highlighted Chile's pioneering role in the region regarding energy efficiency and the implementation of energy management rules for large companies. One of the primary goals set by the energy efficiency law is to achieve a 10% reduction in energy intensity by 2030, with specific mandates for large consumers. The potential savings and carbon emissions reduction by 2030 are estimated to be substantial. Anesco, a key player in this landscape, offers a range of tools and financing options for energy management, emphasizing the importance of a mature market of suppliers. The country's ESCOs are utilizing green loans and innovative financing models to implement energy efficiency projects, ensuring that the costs are covered by the achieved savings. Anesco's comprehensive approach covers the entire energy efficiency value chain, from auditing to deployment and maintenance. The market in Chile is witnessing a growing interest in energy efficiency solutions, driven by rising electricity costs. Various technologies are being proposed, including heat pumps, LED lighting systems, and even the pilot phase of natural gas-green hydrogen blending. The government is also considering measures to expand end-user subsidies and ease the burden on households and SMEs facing significant bill increases. Industries like mining and agriculture are also exploring sustainable energy options like electricity and green hydrogen to reduce carbon footprint and enhance operational efficiency. Agrivoltaics, a novel concept in Chile, shows promise by combining solar panel installations with agricultural activities to optimize water usage and generate additional revenue during off-seasons.
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