This history began to be written more than a decade ago, with a new business strategy and a vision of sustainable development at the hands of Enel Green Power.
The transition more than a decade ago
In December, 2008, Enel’s vision of renewables took on a name and shape: Enel Green Power (EGP) entered into the market with the aim of leading the energy transition in the world. In those years, not everyone believed in its wager. The contribution by unconventional renewable energies was marginal. For example, in 2007 photovoltaic energy had a worldwide connected power of only 8 GW; today it is practically 60 times greater.
Nevertheless, EGP’s wager was the right one. The company is present in 29 countries, in 5 continents, with a total managed capacity of more than 43 GW and more than 1,200 power plants, positioning itself as one of the main renewable energy operators in the world, with an annual production of approximately 82 TWh.
In Chile, the story began in 2009, with the creation of Enel Green Power Chile, where it quickly became not only the largest renewable energy player in the country – in 2018, the company accounted for 43% of the total clean energy generation in Chile – but the main driver of the energy transition in the industry, as well.
Enel Chile’s power generation portfolio is based upon renewable energies. In 2018, close to 70% of its power production came from those sources, surpassing the country’s average, which amounts to 45%.
This medium to long range wager has positioned Enel Chile as the only company in the country having a portfolio including four different renewable technologies – solar, wind, geothermal and hydroelectric – being the main operator in each one of them.
In Chile, the Enel Group has a 22% share of the total solar generation, 42% in wind power generation, 49% of the hydroelectric power and 100% geothermal power generation, thanks to Cerro Pabellón, the only geothermal power plant in South America.
The world is looking at Chile
In 2017, the Cerro Pabellón power plant was inaugurated, in the Region of Antofagasta. This was a milestone that went beyond the country’s borders. It is the first geothermal power plant in South America, and the only one in the world that has been built above 4,500 meters above sea level. This project was the result of EGP’s unwavering commitment in different locations in the world for the development of this technology, which finally could be applied in Chile as well.
Thanks to advances such as this one, in a few years our country has positioned itself as a benchmark in regards to the transition to renewable energies.