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Energy Sector: Renewable Energy Resources Market Overview

The Chilean Electric Industry is 100% privately owned and is composed of three distinct segments:

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13 views2 pages

Energy Sector: Renewable Energy Resources Market Overview

The Chilean Electric Industry is 100% privately owned and is composed of three distinct segments:

Uploaded by

riosdellacueva
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ENERGY

CHILE

Energy Sector
Market Overview Renewable Energy Resources
The Chilean Electric Industry is 100% privately Renewable Energy Energy Utilized
owned and is composed of three distinct segments: Resources MWh/year %
Generation: 31 companies Solar 4,770 46.3%
Transmission: 5 companies
Eolic 45 0.4%
Distribution: 36 companies
Micro-hydraulic 4,998 48.5%
Geothermal 458 4.4%
Four grids provide Chile’s power:
Biomass 36 0.3%
SING*: 99.6% Thermal generation Total 10,307 100.00
SIC*: 56% Hydro generation
44% Thermal Renewable Energy Energy Utilized
Magallanes: 100% Thermal generation Resources by Application
Aysen: 44% Thermal MWh/year %
50% Hydro Heating 3,788 36.8%
6% Wind Generation
(Owned by US company PSEG) Communication 1,191 11.6%
Home electricity 5,168 50.1%
* These two grids are the primary power generators Other applications 160 1.5%
for Chile.
Total 10,307 100.00

Competitors
European investors (primarily Endesa-Spain) dominate the generation and transmission segments of the electric
power industry in Chile.

European dominance is particularly strong in hydropower generation. There are a few meaningful U.S. players in
the generation and distribution segments, e.g., AES, Sempra, PPL, and PSEG.

There have been initial efforts on the part of US investors to explore the commercial potential of investments in
geothermal generation in Chile.

Resources
U.S. Department of Commerce, Energy Team, Martha Budwin:
Martha.Budwin@mail.doc.gov

U.S. Department of Commerce, I.T.A: Samuel Beatty


Sam.Beatty@ita.doc.gov

Chilean National Energy Commission: www.cne.cl

Chilean Association of Alternative Renewable Energies-ACERA: www.acera.cl


CHILE
Principal Sub Sectors
Chile consumed close to 46,113 GWh during 2004. This demand is served through renewable and non-
renewable sources of energy. In fact, Chile has abundant renewable energy sources. However, the
current level of exploitation is not enough to cover the country’s growing demand.

Wind power generation has only one distinct player, PSEG (US), with a modest 2 MW commercial facility
located in southern Chile. CODELCO (Chile’s state owned copper company) is studying the feasibility of
a 38 MWh wind farm in the Atacama Desert of Northern Chile.

Renewable energy sources, mostly hydropower, supply close to 38% of Chile’s total energy demand.
There is also one small facility in southern Chile that generates energy out of wind power. Based upon
existing preliminary estimates, geothermal resources could supply a considerable amount (believed to be
in the order of several thousand MW) of electric power currently generated from hydro and fossil
resources.

Non-Renewable energy sources are almost nonexistent in Chile, thus the country is a net importer of
fossil fuels. Only 10% of the country’s oil demand is produced domestically, while 100% of natural gas
(NG) is imported exclusively from Argentina, producing a high degree of energy dependency on its
Andean neighbor (about 35% of the energy matrix as of June 2004). See commercial opportunities
below.

Renewable Sources Installed Gross Power (as of 2004)


Hydropower 4.079 MW
Eolic/solar/micro-hydro/geo-thermal/biomass 5 MW
Wood and other 5 MW (est.)
Sub Total 4.089 MW

Non-Renewable Sources Installed Gross Power (as of 2004)


Crude Oil/Coal 2.729 MW
NG* 4.026 MW
Sub Total 6.755 MW

Total Energy Sources 10.844 MW

*In June 2002, consumers used 78,457,770 m3 of natural gas.

Commercial Opportunities
The majority of Chile’s natural gas and oil is imported from just three countries. Because of recent supply
shortages, particularly reduced supplier of Argentine natural gas, the Chilean state owned oil company ENAP
is conducting a study with the financial advisory of Citicorp (U.S.) to examine the feasibility of developing a re-
gasification plant --5 million cubic meter/day-- to be fed with LNG from other sources.

The Rural Electrification Program created in 1994, aims to improve the quality of life in Chile’s rural areas
through the development of better electricity service and energy supply, and also to increase the use of
renewable energy:

Micro-hydropower plants (smaller than 10 MW)


Solar (electricity and communication)
Wind (electricity)

We hope you find this information useful. If you would like further information, please contact
Carlos.Capurro@mail.doc.gov, the CS Santiago Energy Specialist. Visit our website at
www.buyusa.gov/chile to discover other commercial opportunities in Chile. Completed May 2005.

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