A flurry of large and small-scale renewable projects totaling US$2.6bn in new investments have been filed for environmental approval in Chile over the past month.
According to environmental agency SEA, eight large-scale projects were presented in April for a combined investment of US$1.68bn, together with 93 smaller projects totaling US$954mn.
The news highlight the strong acceleration of renewable development in Chile as the country’s early-works pipeline balloons and becomes the largest in Latin America.
A previous BNamericas analysis showed that Chile has come to have the region’s biggest early-works pipeline and the second largest pipeline after Brazil for those that are in construction.
In terms of annual additions, 2021 is already turning into an unprecedented year as Q1 additions matched the entirety of the capacity added in 2020, which was then the largest Chile had seen. According to local renewables trade group Acera, the country is poised to add 5GW of renewable capacity this year, more than triple what it added last year.