The Chile renewable energy market size is projected to grow at a CAGR of 15.30% between 2025 and 2034.
Base Year
Historical Year
Forecast Year
Chile has set forth ambitious goals in terms of climate change. By 2030, the country aims to derive 70 percent of its electricity from renewable sources, and by 2050, Chile is determined to achieve carbon neutrality.
In December 2021, the Chilean government committed $50 million in financing for six initiatives designed to promote the development of the country's green hydrogen sector, aiming to be the cheapest provider of the alternative fuel globally.
Chile aims to reach 95 MtCO2eq in GHG emissions by 2030, with emissions peaking in 2025. This represents a 15% decrease from the 2018 level of 112 MtCO2eq.
Value in USD Million
2025-2034
Chile Renewable Energy Market Outlook
*this image is indicative*
| Chile Renewable Energy Market Report Summary | Description | Value |
| Base Year | USD Million | 2024 |
| Historical Period | USD Million | 2018-2024 |
| Forecast Period | USD Million | 2025-2034 |
| Market Size 2024 | USD Million | XX |
| Market Size 2034 | USD Million | XX |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 15.30% |
| CAGR 2025-2034 - Market by Type | Wind | 16.8% |
| CAGR 2025-2034 - Market by End Use | Commercial | 17.1% |
The Chile renewable energy market growth is primarily fuelled by the rising consciousness regarding climate change and the limitations of traditional energy sources like coal, oil, and natural gas. The market is further propelled by the mounting pressure on different sectors to enhance their production capabilities to adapt to evolving market needs, adhere to stringent environmental policies, and stimulate economic progress. Additionally, the growing environmental concerns among the populace and the concerted efforts of governments to curb carbon emissions play a pivotal role in driving the growth of the renewable energy market in Chile.
As per the Chile renewable energy market analysis, during the forecast period, the utilisation of solar photovoltaic panels for residential purposes is anticipated to drive the demand. In addition, commercial photovoltaic solar panels have the potential to power industrial structures in remote or isolated areas, preheat ventilation air, and supply hot water in various settings including offices and industries.
The rising installation of solar energy systems in the country is expected to create profitable opportunities for the market expansion in the future. Solar energy is not only more sustainable but also more cost-effective compared to conventional energy sources. The decreasing costs of solar cells, the advancements in solar technology, and the establishment of new solar power plants are all playing a crucial role in accelerating the Chile renewable energy market development.
Chile Renewable Energy Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by End Use
| CAGR 2025-2034 - Market by | Type |
| Wind | 16.8% |
| Solar | 16.2% |
| Hydropower | XX% |
| Others | XX% |
The market players are increasingly prioritising the development of cost-effective renewable energy systems to accelerate the transition towards a clean energy future.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 15.30% between 2025 and 2034.
The market is driven by the increasing energy demands, growing environmental concerns, and favourable government policies.
The growing installation of solar energy systems and the government's initiatives to utilise domestic resources for energy generation and ambitious net zero emission targets are the notable market trends.
The major types of renewable energy systems are hydropower, wind, and solar, among others.
The major end users are residential, commercial, and industrial.
The major players in the market are Mainstream Renewable Power, Enel Green Power, Acciona, SA, First Solar, Inc., Statkraft, Blue Light Energy, Ingenostrum S.L, Atlas Renewable Energy, Innergex Renewable Energy Inc., and Solcor Chile, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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