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Renewable energy in Chile is a fast growing sector that in 2014 provided 9% of the country's electricity. Chile has vast geothermal, solar and wind energy resources while fossil fuel resources are limited. It has a legislated renewable energy target of 20% by 2025.
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Geothermal
With 15% of the world's volcanoes, Chile has vast geothermal potential, estimated at 16,000 MW. This includes the El Tatio geyser field, with 8% of the world's geysers.
Solar energy
The 246MW El Romero solar photovoltaic plant open in November 2016 at Vallenar in the Atacama region It was the largest solar farm in Latin America when it opened.
In 2016, SolarPack won an electricity auction (held without disclosing bidders' power source) by bidding $29.1/MWh; a record low price.
Wind energy
The 115 MW El Arrayán Wind Farm is the largest in Chile, and at the time of its inauguration in 2014 it was the largest in Latin America.
The 2016 electricity auction for a combined 12.34 TWh was won partly by wind power. Mainstream Renewable Power won 7 projects with 985 MW supplying 3.7 TWh/year at between $38.8 and $47.2 per MWh.