Pacific Hydro Chile
Chile is one of Latin America’s fastest growing and strongest economies.
Driven by a power-hungry mining sector, the Chilean market is rich with opportunities for renewable energy companies.
Chile’s Gross Domestic Product (GDP) is expected to grow at an average rate of 5% per year until the country reaches the status of developed with a GDP per capita of US$ 20,000 by 2018. This growth rate will drive an increase in energy demand from different industries such as mining, infrastructure, manufacturing, transport and property development.
In order to grow at this rate and accomplish its goals, Chile needs to expand its energy generation capacity by approximately 15,000MW by 2020. However, the country’s current installed capacity, including new energy projects under construction, can only assure the energy supply until 2015.
Operating in Chile since 2002, Pacific Hydro has been playing an important role in helping to meet the country’s increasing demand for electricity, without increasing emissions, and contributing to its economic growth and to the sustainable development of the local communities.
Today, Pacific Hydro is one of Chile’s leading renewable energy companies, developing, delivering and operating run-of-river hydro power plants in the Cachapoal and Tinguiririca Valleys, in the country’s sixth region.
In addition to hydro power plants, Pacific Hydro has interests in wind developments. Our plan is to build on our solid track record of developing, delivering and operating wind farms in Australia and Brazil.
In December 2012, we received environmental approval to build our first wind farm in Chile, the Punta Sierra wind farm. Construction is expected to commence towards the end of 2013.