11 Sep '13, 10pm

Latin America Report: Chile's Road To Solar Grid Parity

A third of the overall country is hydro-based, but almost all of it is in the south. Most of the coming solar capacity, says Deutsche Bank analyst Vishal Shah in a recent report, will be in the Sistema Interconectado Del Norte Grande (SING) which is currently dominated by hydrocarbon generation (45 percent coal, 8 percent oil), as opposed to the Sistema Interconectado Central's (SIC) nearly 50 percent hydro portfolio. Days ago Chile upped its renewable energy target to 20 percent by 2025 . Only three solar projects with 3.5-MW grid-connected capacity are currently operating in Chile; 70 MW of projects are under construction, and there's a 3.1-GW pipeline backlog, much of which targets the northern SING region. Development is likely to ramp quickly with system costs at ~$2-3/W. Installations are likely to double or even triple in 2014 to 300-400 MW -- plus 100-MW in off-gri...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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