Chile to Hold 5.25 GWh RE Auctions Over Following 15 Years

Feb 17, 2022 02:24 PM ET
  • The Chilean Energy Regulator seeks to provide even more electricity to the national system over a period of 15 years from 2027.
  • Chile's advancing PV installments has expanded to 4.6 GW at the end of March, 2021.

The Chilean Energy Regulator (CNE) has actually introduced an auction to offer 5.25 GWh of electricity to the nationwide grid. This will certainly take placevover a period of 15 years and the addition of electricity will certainly begin from 2027.

The new details has been shared by the Regulator on its website. According to the most recent note, the consultation duration for participants will certainly last up until April 1, 2022. The participants in the auction will have the ability to execute corrections, amendments or additions to their proposals until May 2, 2022.

The official website of the regulator claims that all deals must be sent by July 1 and also the final results will certainly be revealed by the government in between July 25 as well as August 1, 2022.

The last energy auction took place in Chile in August in 2015 in which the Chilean Energy Regulator assigned greater than 2.3 TWh of renewable energy to the national power system. In the said auction, the lowest cost sent was $0.01332/ kWh.

The latest figures from the Chilean Association for Renewable Energy (ACERA) state that Chile's advancing PV installations grew to 4.6 GW at the end of March, 2021. Utility-scale PV plants account for a lot of the nation's current installed solar capacity. Versus this, roof image voltaic has shown very little performance as it accounts for just 167 MW.

Good policy steps resulted in the mushrooming of different little solar parks, each with up to 9MW capacity with the total accountancy for accountancy for 1.35 GW of the total amount. These were developed under the Pequenos Medios de Generacion Distribuida program for dispersed generation.

Chile, the South American country that covers 2600 miles from north to southern on the coastline of the Atlantic, is sun-drenched as well as wind rich. Covering the majority of the Andes Mountains, the nation has the highest possible share of renewables in Latin America. Addition of 5.25 GWh will advance its stature in the comity of countries, not to mention South America.

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