[Solar: Chile could add 27GW-58GW of PV capacity over next 30 years]

Published: Jul 29, 2026 09:38
Chile could install between 27GW and 58GW of new PV capacity over the next 30 years, according to the Ministry of Energy’s preliminary Long-Term Energy Planning report for 2028-2032. The projection is based on different scenarios for economic growth, fuel costs, technology development and energy policy, using existing solar capacity of around 12.02GW as the starting point. The report says future expansion of the National Electric System will rely mainly on solar PV in northern Chile and onshore wind in central-southern regions. PV growth is closely linked to battery storage, especially under scenarios involving higher fossil fuel prices, coal retirements and carbon costs, with six- and eight-hour storage expected to play a growing role in shifting solar generation into nighttime hours. SMM believes Chile’s long-term solar growth potential remains strong, but deployment will depend heavily on storage integration, 500kV and 220kV transmission expansion, and new demand from electrification and data centers.

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