The world is more connected than ever, and mining technology and service companies are no exception. As they expand their reach globally, they need to follow their clients to new markets, from a copper mine high in the Andes to the icey cold winters of Northern Canada. When exploring new markets, it’s the classic “chicken or egg” dilemma: You want to see success before committing to the expenses of a local operation, but as soon as you start generating revenue, the risk of being classified as a PE increases.
Chile is making huge strides in transitioning away from coal-fired power plants. The new goal is to close all 28 coal powerplants by 2030, 10 years sooner then originally projected, and there is a chance that it could be accelerated even more. Check out our update to see where the country currently stands on its path towards decarbonization.
Chile released its national green hydrogen strategy in 2020 which set out a road map for the country to become a major exporter. The country has the largest project pipeline in the Americas but there is still plenty of challenges that remain on the road ahead. Check out our overview of where things currently stand with the Chilean hydrogen industry.
Chile has been able to take transform its energy matrix in a very short period of time. The growth of renewables has also uncovered weak points that need to be addressed if the sector will continue to grow. Battery storage is an important first step to solving the high levels of dumping, congestion and zero marginal costs for Chilean producers.
Chile has taken huge strides over the last 10 years as it has worked towards the goal of decarbonizing its electric sector. The growth of renewables has also uncovered weak points that needs to be addressed if the sector will continue to grow. Battery storage and transmission capacity are at the top of the list to help solve these issues.
Chile has a large pipeline of solar and wind projects that will be built in the next few years, but it does not do much if there is no way to dispatch the power to where it is needed. For this reason, transmission capacity is one of the most important issues that needs to be solved in the short to medium term.
Since 2015, Chile has dramatically increased its solar and wind capacity year over year. It has done so without any major government subsidies. The mining industry is one of Chile’s top carbon emitters but it has also been the countries best adopter of renewables.
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