“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.
“Just in one year, Chile jumped from the seventh to the first place as the nation with the greatest potential for renewable energy development, according to the world ranking prepared by the Bloomberg New Energy Finance Climatescope 2018.”
A comprehensive transition
The commitments undertaken by Enel Chile in the Decarbonization Table are not the exclusively the result of that instance: in fact they are the culmination of a commitment undertaken by the Enel Group with the world more than five years ago.
“The Enel Group has made a commitment of completely decarbonizing its world electric power production. Nevertheless, this strategy goes far beyond the elimination of coal.”
Decarbonization and energy transition are sustainable in time only if there is a comprehensive and robust business strategy. Enel also explores new solutions for energy efficiency, new uses for energy and new digital technologies towards reaching this objective.
Electricity thus becomes the engine of a more circular, sustainable and versatile system, where clean energies are integrated into more efficient lighting, industrial energy management systems, electric buses and automobiles, and digital distribution networks. That is, zero emissions lighting, production, transport and distribution.
At the core of this strategy are people, which materializes through a sustainable vision integrated throughout all of the value chain of our business. Currently, the beneficiaries of the different projects focused upon human, social, environmental and economic development add up to 28,000, contributing towards progress in the regions, as well to the Objectives of the United Nations Sustainable Development.
A sustainable future
Enel Chile’s and Enel Green Power Chile’s unwavering commitment is sustained by a successful business model, that considers an investment close to US$ 1,400 million for renewable energies projects, with the aim of incorporating to the system close to 1.1 GW of additional renewable installed capacity.
“Just on 2019, Enel Green Power considers beginning the construction of three projects which will be incorporated into the company’s portfolio: a photovoltaic power plant, a wind farm and the construction of the third unit of Cerro Pabellón.”
Due to all of this, and because of its many achievements throughout the world, in 2018 the Enel Group was recognized by Fortune, the American business magazine, which included it in its “Change the World” list, the ranking of companies capable of changing the world and of improving living conditions from an environmental point of view, thanks to its business strategies.
Facts that reaffirm that the transition to renewables began years ago and that there is no turning back.