Chile's Green Energy Revolution: A Look at the Top 10 Energy Projects
Key Ideas
  • Chile's 10 biggest energy projects in the pre-construction phase have a total price tag of US$43.5bn, with a focus on green ammonia complexes and renewables-energy storage hybrids.
  • The country is committed to achieving net-zero emissions by 2050 and is banking on green hydrogen and its derivatives for domestic decarbonization and export, attracting interest from European and Asian buyers.
  • The push for decarbonization includes the development of renewable energy projects in Chile's north with associated energy storage systems to address transmission congestion, especially in solar PV projects.
  • While some projects like the US$1.40bn Paposo pumped storage system were suspended, the overall momentum in advancing green hydrogen and renewable energy projects is strong, with several projects in the permitting phase.
Chile is gearing up for a green energy revolution with its top 10 energy projects in the pre-construction phase having a combined price tag of US$43.5bn. The focus is on green ammonia complexes and renewables-energy storage hybrids, with the majority of these projects scheduled to enter the construction phase within three years. The country's commitment to achieving net-zero emissions by 2050 is driving investments in green hydrogen and its derivatives for both domestic decarbonization and export purposes. European and Asian buyers are being targeted by derivatives producers to secure offtake agreements. Renewable energy projects in Chile's north are being developed with associated energy storage systems to overcome transmission congestion, especially in solar PV projects. While projects like the US$1.40bn Paposo pumped storage system were suspended, the overall momentum in advancing green hydrogen and renewable energy projects remains strong. Several projects are already in the permitting phase, emphasizing the goal of driving down costs and securing offtakers. The top 10 energy projects include green ammonia complexes in the Magallanes region and renewables-energy storage hybrids in the Antofagasta region. These projects, along with the country's push for greater electrification and decarbonization of the economy, signify a significant shift towards sustainable energy practices in Chile's energy sector.
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