CVE Chile, a relevant and effective strategy since 2016
Chile has exceptional solar potential and a favorable regulatory framework. In 2023, the deployment of photovoltaic parks reached 8.5 GW. The country is committed to increasing installed solar capacity to 22 GW by 2029. CVE’s strategy is based on the production of decentralized renewable energies sold through short distribution channels. Chile is a key market for realizing this vision. Since 2016, CVE Chile has been actively developing this market, proving the relevance and effectiveness of its strategy.
“CVE Chile is one of Chile’s leading photovoltaic companies. Since entering the Chilean market in 2016, CVE Chile has quickly established itself as a key player in the PMGD sector (a Spanish-language acronym that refers to generators under 9 MW connected to the power grid). Our subsidiary meets local energy needs while benefiting from a stabilized and regulated price for its PMGD projects.”
Luis Meersohn – Country Manager, Chile
Growth Strategy through CPPAs
In addition to its current portfolio of PMGD projects, CVE Chile is committed to developing larger-scale power plants. These projects will help meet growing energy demand and diversify revenue sources through the sale of energy via CPPAs.
These over-the-counter contracts enable CVE Chile to sell the energy produced directly to large industrial consumers, offering economic stability and a relationship of trust with local partners.
Technological Innovation: Battery Storage
CVE Chile has launched into battery storage technology. This development aims to optimize the use of photovoltaic production by shifting the electricity generated during the day to peak periods in the evening. This strategy is a response to our customers’ fluctuating energy needs. Battery storage is a major advance that positions CVE Chile as a pioneer in the intelligent management of renewable energy.
CVE Chile in figures
63
persons at 06/30/2024
279 MW
assets in operation and under construction at 06/30/2024
1 299 MW
secured pipeline at 06/30/2024
News and medias
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10 September 2024
Our social commitment to local needs
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2 August 2024
Our current crowdfunding campaigns
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