TOWARDS A CLEANER AND MORE EQUITABLE MARKET

ENERGY

Through innovation and collaboration we promote the use of non-conventional renewable energy and generate models for a more efficient use of energy in our country.

The energy transition, as a powerful phenomenon in progress, not only challenges us to get on board, but also to lead it, as a country with privileged conditions. This new vision around energy development opens up a great space for innovation and value creation.

Chile has the opportunity to use energy as a key pillar to achieve productive, inclusive and sustainable development. The country has solar, wind, geothermal and marine sources and with these, the opportunity to capture clean and abundant electricity.

Likewise, the energy transition requires major changes in society with regards with how we use and consume energy. Energy efficiency becomes a key part of this, since there is no better energy than the one which is not consumed.

Fundación Chile has been committed to energy efficiency and the development of clean energy for the country for more than a decade:

ENERGY SCENARIOS:

A proposal for Chile

In 2009, Fundación Chile was one of the founding organizations of the Executive Committee of Energy Scenarios (known in Spanish as Comité Ejecutivo de Escenarios Energéticos), a multi-sectoral dialogue platform in which key actors representing diverse visions of the Chilean society participated.

It was born with the objective of rethinking the future of energy and influencing public policies in this regard. The initiative has contributed to the discussion of crucial issues for the development of the sector. It has generated numerous proposals and inputs that were added to the formulation of the Energy Policy 2050.

The 5 Ds

In 2018, Escenarios Energéticos launched for Chile the document «The Future of Energy in Chile; Change and Trends Factors», where they propose to work based on three key trends or mega trends for the future of the energy sector. This has the objective of contributing to meeting the goal established in the National Energy Policy: that by 2053, 60% of the energy matrix comes from renewable energies.

Considering that Chile has more than 4,500 km of coastline, privileged waves and tides, it is a candidate to be a leader in the development and use of this type of energy. However, the development of these types of projects is still incipient.

Through various studies, Fundación Chile has gone ahead, gathering the information and background necessary for the development of initiatives of this type, promoting systemic solutions and demonstrating the need for a broad portfolio of renewable energy options.

Fundación Chile, as the implementing partner of the Center for Innovation and Research in Marine Energy, (known in Spanish as MERIC), developed an unprecedented study that allowed to determine the current cost of marine energy in Chile, identify the services and products necessary for a successful implementation and detect gaps and opportunities that the country has regarding this matter.

It also determined the capabilities of local suppliers to participate in stages of construction, manufacturing, installation and operation of marine energy equipment.

Thus, a concrete economic tool was made available for the creation of public policies that remove technical and financial barriers in order to bring Chile into a stage of commercialization and maturity in this emerging industrial sector.

Winter sailing. Cold blue sea at sunset. waves and clouds, Norway

Fundación Chile – together with its associates National Institute of Hydraulics (known in Spanish as INH), Renewable Energy Development Enterprise (REDE), Con Potencial (CP), I2D Technik, Bentos, Carnegie, the Municipality of Juan Fernández and the University of Valparaíso – conducted a study in Robinson Crusoe and Rapa Nui, which showed that the insular zone is a great wave power hotspot, considering that wave measurements estimate that the power is above 45kW/m, which translates into a privileged capacity at a global level.