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Table of Contents
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About This Report
Table of Contents
SCOPE OF THE REPORT
Frequently Asked Questions
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Chile Solar Photovoltaic Market Size
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Study Period
2020 - 2030
Base Year For Estimation
2024
Forecast Data Period
2025 - 2030
Historical Data Period
2020 - 2023
CAGR
5.00 %
Market Concentration
Medium
Major Players
*Disclaimer: Major Players sorted in no particular order
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Chile Solar Photovoltaic (PV) Market with other markets in Energy & Power Industry
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Chile Solar Photovoltaic Market Analysis
The Chile Solar Photovoltaic Market is expected to register a CAGR of greater than 5% during the forecast period.
The rooftop segment is expected to witness significant growth during the forecast period, owing to government initiatives and upcoming rooftop installation projects in the country, majorly in commercial & industrial segment.
Due to increasing blackouts in the country leading to the electricity crisis and increasing demand for continuous power, solar PV installation is expected to create a significant amount of opportunities for the market players in Chile to full-in the supply and demand gap.
Factors such as increasing awareness on the solar PV development and supportive government policies are expected to drive the market during the forecast period.
Chile Solar Photovoltaic Market Trends
This section covers the major market trends shaping the Chile Solar Photovoltaics Market according to our research experts:
Rooftop Solar PV to Witness Significant Growth
Although utility-scale solar PV projects have gained a significant share in the market studied, small-scale rooftop solar PV systems also play an important role in the market. Moreover, rooftop solar offers the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs, in turn driving the market in Chile.
The country boasts some of the sunniest places on earth, with areas like the Atacama Desert in the north of the country getting almost 356 days of clear skies. Coupled with high solar radiation and low humidity this makes it one of the best areas in the world for solar PV development.
In 2012, 7% of the country's electricity was generated from renewables. From this point, it has seemingly gone from strength to strength, with the Chilean government then setting a target of 20% renewable energy by 2025 thereby boosting the prospects of rooftop solar installations.
In September 2019, Mexican multinational bakery product manufacturing company Grupo Bimbo, announced the inauguration of a self-sufficient solar roof built on top of the warehouse of its company IDEAL, S.A. in Chile, which is the largest of its kind in both Chile and South America. The system is expected to generate approximately 3 gigawatt hours per year and it will mitigate 1,310 tons of CO2 in the atmosphere during this period, which is equivalent to planting over 88,870 trees.
Moreover, rooftop solar systems generate electricity during daylight, coinciding with the peak hours of most factory operations. Hence, while the sun is out, manufacturing facilities have the option to either limit their dependence on the national grid or abandon it completely. Hence, with the increased use of rooftop solar PV modules, the market is expected to the fastest-growing during the forecast period.
Understand The Key Trends Shaping This Market
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Supportive Government Policies and Increasing Investments to Drive the Market
Chile's first solar plant, a 3MW project was installed in 2012. Currently, there are more than 2,600 MW of PV operating and a further 2,845 MW under construction, according to Asociación Chilena de Energías Renovables y Almacenamiento (ACERA), the country's renewables trade association.
This growth has been driven by dramatic reductions in price. When the solar industry first started in the country nearly a decade ago, the Levelized cost of electricity (LCOE) stood at USD 100/MWh. This has fallen to almost USD 20/MWh, a fifth of the price.
The country has now committed to completely phase out coal-powered generation by 2040, further incentivizing the push to support solar generation.
According to an estimation made by the Chilean Ministry of Energy and Germany's international cooperation corporation, the Gesellschaft für Internationale Zusammenarbeit (GIZ), the country has a solar energy potential of 1,300 GW. This potential, together with the reduction of the investment costs of solar technologies, transformed. PV technology into one of the most competitive energy technologies operating in Chile.
Chile Solar Photovoltaic Industry Overview
The Chile solar PV market is moderately fragmented. Some of the key players are TerraForm Power, Inc, SunEdison, Inc, Etrion Corporation, Mainstream Renewable Power, and Sonnedix.
Chile Solar Photovoltaic Market Leaders
TerraForm Power, Inc
SunEdison, Inc
Etrion Corporation
Mainstream Renewable Power
Sonnedix
*Disclaimer: Major Players sorted in no particular order
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Chile Solar Photovoltaic 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 Renewable Energy Mix, 2019
4.3 Solar Photovoltaic (PV) Installed Capacity and Forecast in MW, till 2026
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 PESTLE Analysis
5. MARKET SEGMENTATION (QUALITATIVE ANALYSIS ONLY)
5.1 End-User
5.1.1 Residential
5.1.2 Commercial & Industrial (C&I)
5.1.3 Utility
5.2 Deployment
5.2.1 Rooftop
5.2.2 Ground-mounted
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 TerraForm Power, Inc
6.3.2 SunEdison, Inc
6.3.3 Etrion Corporation
6.3.4 Mainstream Renewable Power
6.3.5 Sonnedix
*List Not Exhaustive 7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Subject to Availability
Chile Solar Photovoltaic Industry Segmentation
The Chile solar photovoltaic (PV) market report includes:
End-User Residential Commercial & Industrial (C&I) Utility
Deployment Rooftop Ground-mounted
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Chile Solar Photovoltaic Market Research FAQs
What is the current Chile Solar Photovoltaic (PV) Market size?
The Chile Solar Photovoltaic (PV) Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Chile Solar Photovoltaic (PV) Market?
TerraForm Power, Inc, SunEdison, Inc, Etrion Corporation, Mainstream Renewable Power and Sonnedix are the major companies operating in the Chile Solar Photovoltaic (PV) Market.
What years does this Chile Solar Photovoltaic (PV) Market cover?
The report covers the Chile Solar Photovoltaic (PV) Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Chile Solar Photovoltaic (PV) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Chile Solar Photovoltaic (PV) Industry Report
Statistics for the 2025 Chile Solar Photovoltaic (PV) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chile Solar Photovoltaic (PV) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Chile Solar Photovoltaic (PV) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)
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