Wind solar storage project financing options in Chile 2025

Should Chile invest in solar energy?

As investment in solar energy has been successful in the north of Chile, the focus should be placed on energy storage.

How can we accelerate the energy transition in Chile?

We propose options to accelerate the energy transition that take advantage of the existing infrastructure and exceptional conditions for renewable energy in Chile. The development of solar power in the north of Chile will allow the electrification of most of the national demand.

Are small scale wind farms viable in the south of Chile?

Only a few studies have addressed this issue in the extreme south of Chile. Becerra et al. found that the coastal geographical distribution poses a financial challenge for the viability of small scale wind farms for residential purposes.

Does Codelco have a PPA for a solar-plus-storage project in Chile?

This is not the first time Codelco and Atlas Renewable Energy have signed a PPA for a solar-plus-storage project in Chile, following the two companies’ signing of a 15-year 375GWh 24/7 supply agreement in March 2024. At the time, this marked the developer’s entrance into the BESS market, according to its CEO.

Should solar farms be built in Antofagasta?

The construction of small solar farms in the Centro Sur macro-zone provides other practical benefits, as it is closer to the energy demand of more populated cities. Likewise, the solar plants at high elevations in Antofagasta can provide energy to the local mining industry.

Should solar power be developed in the north of Chile?

The development of solar power in the north of Chile will allow the electrification of most of the national demand. The possibility of ammonia and e-fuels projects in the south should be analysed to explore the potential economic and environmental synergy in transporting raw materials and products.