Chile has been making impressive strides in renewable energy and storage projects, with the latest statistics published by the Chilean renewables association, Acera, showing an installed capacity of 14,305 MW by the end of March 2023. Of this, 68% represents photovoltaic solar projects and another 25% is represented by wind projects.
The association's report reveals that there are currently 4,748 MW of PV projects under construction, 19,832 MW of solar projects approved and another 4,660 MW under review. This means that Chile is set to increase its renewable energy capacity even further in the near future.
Moreover, the report states that there are 231 MW of storage projects under construction, 68 MW that have already secured approval, and another 57 MW that are under review. This highlights Chile's commitment to not only producing renewable energy but also storing it efficiently.
In addition, the report shows that PV projects that include storage currently have a combined capacity of 2,930 MW. This is significant as it demonstrates the increasing trend towards combining renewable energy and storage projects to enhance their efficiency and reliability.
It is worth noting that of the total solar power capacity, only 170 MW is attributed to the 17,192 distributed generation systems installed under the country's net billing scheme. This indicates that the majority of Chile's solar power capacity comes from large-scale installations.
Chile's progress in renewable energy is remarkable and shows the country's determination to reduce its reliance on fossil fuels. It is hoped that other countries will follow Chile's lead and invest more in renewable energy and storage projects to combat climate change.
