Solar Energy in Chile Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Chile Solar Energy Market Size & Share and It is Segmented by Deployment (Utility-Scale and Distributed Generation) and by Type (Solar Photovoltaic (PV), Concentrated Solar Power). The Market Size and Forecasts are Provided in Installed Capacity for all the Above Segments.

Solar Energy in Chile Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Chile Solar Energy Market Size

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Chile Solar Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 10.15 gigawatt
Market Volume (2030) 26.10 gigawatt
CAGR 20.80 %
Market Concentration Low

Major Players

Chile Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Chile Solar Energy Market Analysis

The Chile Solar Energy Market size in terms of installed base is expected to grow from 10.15 gigawatt in 2025 to 26.10 gigawatt by 2030, at a CAGR of 20.8% during the forecast period (2025-2030).

  • Over the medium term, increasing demand for solar energy and the declining cost of solar PV systems are expected to drive the Chile solar energy market demand during the forecast period.
  • On the other hand, strong dependence on prevailing weather conditions is likely to restrain the market's growth over the forecast period.
  • Nevertheless, the advancement in technology aiding the decrease in the cost of solar power plant construction is expected to render an opportunity for market growth over the forecast period.

Chile Solar Energy Industry Overview

The Chile solar energy market is fragmented. Some key players in this market (in no particular order) include Acciona, S.A, JinkoSolar Holding Co., Ltd., Trina Solar Limited, Enel Green Power S.p.A, and First Solar, Inc.

Chile Solar Energy Market Leaders

  1. Acciona, S.A

  2. JinkoSolar Holding Co., Ltd

  3. Trina Solar Limited

  4. Enel Green Power S.p.A

  5. First Solar, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Chile Solar Energy Market Concentration
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Chile Solar Energy Market News

  • May 2023: Akuo and Atlantica Sustainable Infrastructure announced the successful closure of financing and the commencement of construction for a portfolio of nine photovoltaic power plants in Chile. The portfolio, with a total capacity of 80 MWp, will be in the south of Santiago de Chile, in the Regions of Maule, Ñuble, Araucanía, and Biobío. Upon completion, the power plants will likely deliver electricity to about 60,000 households and support the country in diversifying its electricity mix, which currently laboriously relies on fossil fuels.
  • February 2022: Czech renewable energy company signed an agreement with Black Rock to develop solar PV projects in Chile. The company will likely provide operation and maintenance services for the projects.

Chile Solar Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Solar Energy Installed Capacity and Forecast, till 2028
  • 4.3 Renewable Energy Mix, 2022
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Key Project Information
    • 4.6.1 Existing Projects
    • 4.6.2 Planned and Upcoming Projects
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.1.1 Increasing Solar Energy Demand
    • 4.7.1.2 Declining Cost of Solar PV Systems
    • 4.7.2 Restraints
    • 4.7.2.1 Strong Dependence on Prevailing Weather Condition
  • 4.8 Supply Chain Analysis
  • 4.9 PESTLE Analysis

5. MARKET SEGMENTATION BY DEPLOYMENT

  • 5.1 Deployment
    • 5.1.1 Utility-Scale
    • 5.1.2 Distributed Generation
  • 5.2 Type
    • 5.2.1 Solar Photovoltaic (PV)
    • 5.2.2 Concentrated Solar Power

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by the Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Canadian Solar Inc.
    • 6.3.2 Acciona, S.A
    • 6.3.3 Mainstream Renewable Power
    • 6.3.4 JinkoSolar Holding Co., Ltd.
    • 6.3.5 Trina Solar Limited
    • 6.3.6 Enel Green Power S.p.A
    • 6.3.7 First Solar, Inc.
    • 6.3.8 STI Norland
    • 6.3.9 SunEdison, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Advancement in Technology Aiding the Decrease in the Cost of Solar Power Plant Construction
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Chile Solar Energy Industry Segmentation

Solar energy is heat and radiant light from the Sun that can be harnessed with technologies such as solar power (used to generate electricity) and solar thermal energy (used for applications such as water heating).

The Chile solar energy market is segmented by deployment and type. By deployment, the market is segmented into utility-scale and distributed generation. The market is segmented by type into solar photovoltaic (PV) and concentrated solar power (CSP). For each segment, the market sizing and forecasts have been done based on installed capacity.

Deployment Utility-Scale
Distributed Generation
Type Solar Photovoltaic (PV)
Concentrated Solar Power
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Chile Solar Energy Market Research FAQs

How big is the Chile Solar Energy Market?

The Chile Solar Energy Market size is expected to reach 10.15 gigawatt in 2025 and grow at a CAGR of 20.80% to reach 26.10 gigawatt by 2030.

What is the current Chile Solar Energy Market size?

In 2025, the Chile Solar Energy Market size is expected to reach 10.15 gigawatt.

Who are the key players in Chile Solar Energy Market?

Acciona, S.A, JinkoSolar Holding Co., Ltd, Trina Solar Limited, Enel Green Power S.p.A and First Solar, Inc. are the major companies operating in the Chile Solar Energy Market.

What years does this Chile Solar Energy Market cover, and what was the market size in 2024?

In 2024, the Chile Solar Energy Market size was estimated at 8.04 gigawatt. The report covers the Chile Solar Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Chile Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Energy in Chile Industry Report

The Chile solar energy market is experiencing significant growth, driven by increasing environmental concerns and supportive government policies promoting renewable energy sources. With a focus on expanding the Chile solar energy market share, the market is segmented into utility-scale and distributed generation deployments. Utility-scale solar energy is expected to dominate due to its cost-effectiveness and reliability in providing long-term stable electric prices, significantly influencing the Chile solar energy market size. The growth is further fueled by the declining costs of solar technology and the rising demand for electricity, particularly from the commercial and industrial sectors. Additionally, advancements in technology are making solar power plants more affordable to construct, presenting new opportunities for market expansion. However, challenges such as grid integration limitations and land availability may hinder market growth. Overall, the market is poised for substantial expansion, offering lucrative opportunities for stakeholders and contributing to the country's sustainable energy transition. For detailed statistics on the Chile solar energy market share, size, and revenue growth rate, refer to industry reports by Mordor Intelligence™, which include a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.