Solar Power Thrives In Chile, No Subsidies Needed

William Pentland, Contributor for Forbes:  In Chile’s most recent power auction, the bids from solar project developers came in at between $65 and $68 per megawatt hour (MWh) were considerably more competitive than bids made by coal plants, which were priced at $85 per MWh. Solar power projects were awarded the lion’s share of the 1,200 gigawatt hours (GWh) of electricity contracts sold.

Chile boasts one of the world’s biggest solar resources. High electricity prices and strong demand from Chile’s mining industry have driven demand growth for solar, especially large scale commercial or utility projects.

The total installed solar capacity in Chile increased from less than 4 MW in 2013 to more than 220 MW last year. Nearly 1 GW of solar is projected to be installed in Chile in 2015. Meanwhile, a total of about 8 GW of solar power projects have been approved for development in Chile. First Solar and SunEdison are two of the biggest U.S. solar companies active in Chile.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Dynapower - MAXIMIZE PRODUCTION AND REVENUES WITH SOLAR PLUS STORAGE

Dynapower - MAXIMIZE PRODUCTION AND REVENUES WITH SOLAR PLUS STORAGE

The addition of energy storage to an existing or new utility-scale PV installation allows system owners and operators the opportunity to capture additional revenues. Traditional storage plus solar applications have involved the coupling of independent storage and PV inverters at an AC bus or the use of multi-input hybrid inverters. An alternative approach - coupling energy storage to PV arrays with a DC-to-DC converter - can help maximize production and profits for existing and new utility-scale installations. DC-Coupled Utility-Scale Solar Plus Storage leads to higher round-trip efficiencies and lower cost of integration with existing PV arrays and at the same time, opens up new revenue streams not possible with traditional AC-coupled storage, including clipping recapture and low voltage harvesting, while being eligible for valuable tax incentives.