Chile Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape
Chile has one of the most robust and open economies in South America. Its economy is market-oriented and characterized by good foreign trade and established financial institutions. It is an associate member of the Common Market of Southern Cone (Mercado Común del Sur (Mercosur)) and a member of the Asia-Pacific Economic Corporation. It also became a member of the Organisation for Economic Co-operation and Development (OECD) in May 2010.
Chile has a market-oriented economy, with exports accounting for one-third of its Gross Domestic Product (GDP). The mining and export of copper accounts for approximately three-quarters of its total exports and Chile’s economy has the strongest sovereign bond rating in South America. However, its strong market orientation meant that its economy was more seriously affected by the 2009 financial crisis than other countries. Between 2000 and 2008, GDP growth averaged 4.8% annually, whereas in 2009, a negative rate of 1% was recorded. The economy rebounded, however, in 2010, with an average annual rate of 3.9% recorded between 2010 and 2016. Power consumption mirrored the GDP growth rate, increasing at a Compound Annual Growth Rate (CAGR) of 4%, between 2000 and 2016, mostly from the industrial and residential sectors.
Thermal power, including gas, coal, and oil technology, accounted for 58.5% of Chile’s installed capacity in 2016. Of the thermal power technologies, coal contributed the highest share, with 23.6%, followed by gas at 21.8%, and oil at 13.1%. Hydropower accounted for 30%. Renewable power, including onshore wind, biopower, and solar power, contributed the remaining 11.5%.
Renewable power is expected to show the highest growth trajectory between 2016 and 2030, increasing at a CAGR of 17.3%. Hydropower is expected to grow at a CAGR of 2.9%, while thermal power is expected to grow at a CAGR of 1.6%. The government’s desire to diversify the power mix and Chile’s large untapped renewable power generation potential will drive the growth of renewable power.
The report Chile Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape provides analysis of the Chile power market’s regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided.
In particular, this report provides the following analysis -
Provides a snapshot of the key parameters that affect the power sector, as well as key points about the power market.
Provides analysis of the power market.
Details the regulatory control of the power market and the inward foreign investment scenario.
Provides information on cumulative installed capacity and annual generation trends, by individual generation source.
Describes the power T&D infrastructure and provides information on interconnectors with neighboring countries.
Companies mentioned in this report: Engie Energia Chile S.A., AES Gener S.A, Colbun S.A., Enel Generacion Chile SA.
Snapshot of the country’s power sector across parameters - macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector.
Statistics for installed capacity, power generation and consumption from 2000 to 2016, forecast for the next 14 years to 2030.
Break-up by technology, including thermal, hydro, renewable and nuclear
Data on leading current and upcoming projects.
Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports.
Policy and regulatory framework governing the market.
Detailed analysis of top market participant, including market share analysis and SWOT analysis.
Reasons to buy
Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
Identification of key factors driving investment opportunities in the country’s power sector
Facilitate decision-making based on strong historic and forecast data
Develop strategies based on the latest regulatory events
Position yourself to gain the maximum advantage of the industry’s growth potential
Identify key partners and business development avenues
Identify key strengths and weaknesses of important market participants
Respond to your competitors’ business structure, strategy and prospects.