CVE CHILE A leading player in the Small Distributed Means of Generation (PMDG) segment
With the CVE Group’s strategy being the production of decentralized renewable energies sold in short circuits, Chile quickly appeared to be perfectly aligned with this vision and we began exploring this market in 2015.
CVE Chile began operations in 2016 with the development and construction of its first three ground-mounted power plants.
Today, CVE Chile has 255.8 MW under construction and in operation, and 50 employees. We are one of Chile’s market leaders in solar PMGDs, which benefit from a stabilized, regulated price.
We are also working on the development of larger power plants for which the energy produced can be resold under a corporate PPA (power purchase agreement) to large consumers close to our facilities.
Development of CVE Chile
Chile is one of the best-suited countries for CVE’s development strategy with :
- a substantial solar resource
- a common direct sales model
- a market free from subsidies
In 2021, non-conventional renewable energies (NCRE) constitute 29.46% of the country’s energy matrix, and among them, photovoltaic energy has reached, in October 2021, a share of 52.97% of the total production.
Thus, CVE Chile is currently making a significant contribution of 2.52% to Chile’s solar segment.
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