Chilean Solar Energy Program

Sustainable energy
COUNTRIES
Chile
DATES
Dec/2013 - Jun/2022 COMPLETED
PROJECTED TOTAL INVESTMENT SIZE
€ 1 400 000 000
EU CONTRIBUTION
€ 15 300 000
SECTOR
Sustainable energy
TYPES OF SUPPORT
Investment Grants
DESCRIPTION

LACIF and KfW provided support to the Government of Chile through this project in its transformation efforts towards a low carbon energy sector, which involved decoupling economic growth from Green House Gas emissions. The Program's activities comprised the financing and complementary technical assistance of concentrated solar power (CSP) plants as well as large-scale photovoltaic projects in Chile. One of the main components of the Program was to enable the construction of the first CSP power plant in South America with a targeted capacity of 110 MW.

RESULTS
  • The successful construction, implementation and operation of a reliable CSP power plant in Chile.
  • Increased local supply of CSP plants (70% in 2030).
  • Increased development of CSP plants (150 MW in 2019).
  • Direct GHG emissions avoided (129 300 t CO2 eq/a).
  • Increased energy generation and capacity from CSP (50MW capacity and 175 200 MWh/a generated).
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS