The 55% of power generation projects are wind and solar plants
– In 2012 were 25%. CBC Study reveals that there is a substantial change in the configuration of the banking sector
– Coal and hydroelectric lost weight. In 2012 contributed 71% of the projects. In 2013, only 32%
An important change in the last year suffered the configuration of power generation projects that are planned in the country.
Hydroelectricity and coal lost much force on renewable energy initiatives unconventional (URE). This was revealed in a report by the Capital Goods Corporation (CBC), which takes a register quarterly with projects that have a defined timeline for execution.
In March last year, power generation companies had plans to invest U.S. $ 21.699 million (2012-2016) in power that would provide a total of 11,517 MW of installed capacity. In March this year, the investment for five years (2013 to 2017) rose to U.S. $ 24,725 and considers an additional supply of 11,739 MW.
While the overall numbers are similar, the CBC report warns that “very significant changes shaping the investment portfolio. On one hand, the conventional power generation initiatives, which were still in the land in early 2012, out for environmental reasons, conflicts with local and judicial decisions, among others. “
In the first quarter of 2012, the coal-fired power plant projects were the most relevant, concentrating 39% of the total. Then came the hydropower with 32%. Thus, the two energies that are the basis of the electrical system reflecting 71% of all projects. In March 2013, the weight of both dropped to 32%. This trend is key projects coal plants now account for only 3% of the total. The CBC explains that the figure dropped because they came several megaprojects, such Castilla (MPX and EON) and Punta Alcalde (Endesa).
In the case of hydropower, the incidence dropped to 23%. Here influence the PBX Nido de Aguila (Pacific Hydro) was not defined schedule.
The company adds that while this was happening entered the database NCRE numerous proposals that explain the rise of U.S. $ 3,300 million total planned investment in the energy sector from 2013 to 2017. Now the wind farms and solar plants (photovoltaic) represent 54.8% of total generation projects, in circumstances that contributed last year to 25%.
This increase is mainly driven by photovoltaic projects, which increased from 788 MW to 3,304 MW between 2012 and 2013. Increased by 319% in the period. If you look from the point of view of the total investment in the sector, the weight of the solar plant projects is greater. In March, 2012, was 17% and in the same month of 2013, the figure rose to 47%.
Before the turnaround, the CBC says that much of that portfolio represents projects in early stages of development and “that in the past have shown failure to thrive, largely because of lack of supply contracts with large customers and lack of access to financing”. Therefore, cautions that even though the energy sector is the second most intense investment (mining is first), the figures are subject to greater instability, by the composition of its investment portfolio.
“This anticipated to us that this figure will be subject to greater variability than, for example, the real estate sector, where over 80% of the expenditure estimate is based on projects under construction,” says the company. It really makes a difference to the electricity sector, where only 17% is under construction. In general, in the country that factor is at 32%.
Source: La Tercera
