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ABSTRACT
Over the last 20 years, economy of Chile grew faster than any other country in South America, thanks to its rigorous economic and political systems and its integration to the global economy. Nonetheless, Chile faces the continuing challenge of finding additional energy supplies to support its economic growth. The country has almost no fossil fuel resources and depends heavily on external sources that accounts for around 60% of its energy needs. However, this may change in the near future, as Chile has started developing its huge potential of sustainable energy sources. This paper examines strategically important energy alternatives for Chile, including energy efficiency (EE) programs, large hydro projects, renewable energy, and nuclear power, focusing on recent developments and remaining challenges. It also gives some recommendations providing alternatives to remove the obstacles.
Funding
The work reported in the paper was part of the project CONICYT/FONDAP/15110019 (SERC–CHILE) and supported by the Center for the Innovation in Energy (UAI, Chile).