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The Birchman Group

Explore Chile's energy policy priorities, supply security, carbon footprint, and critical issues in transitioning to non-fossil fuels by 2020. Discover investment needs, regulatory barriers, and critical developments accelerating the shift.

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The Birchman Group

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  1. The Birchman Group “Non-Fossil Fuels in Chile Cambridge Energy Forum October 21st, 2010

  2. Contents • Energy PolicyPriorities • Energy Supply Security • Carbon Footprint • Critical Issues onthe Energy Agenda • Opportunitiesfor Non-fossilFuels • CriticalDevelopments in theNext 5-10 Years.

  3. Energy Policy Priorities in Chile Energy policy based on three priorities: 1. Energy Sourcing Security.2. Carbon Footprint of Energy Sector.3. Competitive energy prices. Stated Goal: “By 2020, non-fossil fuels should amount to 20% of total energy consumption”

  4. Energy supply breakdown

  5. Growing Demand for Electric Energy • Electric powersystem in 2008: • Installedcapacity: 12,847 MW • Grossgeneration: 55,912 GWh. • Demandforelectricitygrows at fasterratethan GDP, and willremaindoing so in theforeseeablefuture

  6. Energy Supply Security • Chile’senergysupplyis vulnerable: • Highdependenceonimportedoil, natural gas and coal • Price volatility • Unreliablesourcing • Highgrowth in energydemandtogetherwithlack of back-up and alternativesourcing . • Mixchangeoverrecentyears: From natural gas and hydroto diesel and coal • Argentina natural gas incident • Environmentalimpact holding back largescalehydro

  7. Carbon Footprint of Energy Sector Growthrate in GHG: This is a serious problem for Chile’s exports

  8. Criticalissuesonthe Energy Agenda • Reduce dependenceonimportedenergysources. • Reaching 20% of energyfrom non-fossil fuel sourceswillrequireinvestment of US$ 12.5 billion • Electricityframework (bill No. 20.257): Goalsfor SIC and SING grids - • 5% renewableby 2010 • 10% renewableby 2024

  9. Diversidad de Suministro

  10. Criticalissuesonthe Energy Agenda • Reduce dependenceonimportedenergysources. • Reaching 20% of energyfrom non-fossil fuel sourceswillrequireinvestment of US$ 12.5 billion • Electricitybill (No. 20.257): Goalsfor SIC and SING grids - • 5% renewableby 2010 • 10% renewableby 2024 • Increase portfolio of non-fossil fuel project s: • reduce regulatorybarriers • open marketthrough more competitive and realisticpricing • reduce barriersforconnectingtothegrid • developpromotion and subsidyinstruments

  11. Increase portfolio of non-fossil fuel projects: Present status:

  12. The Cost Challenge • The Electric Powerbillwithits ERNC requirements and fines shouldmakefundingavailablefortheseprojects. • Solar and tidal(wave) energyappeartooexpensive. • Micro-hydro, wind and geo-themalbecomecompetitive in a fine scenario. • Windrequires a plant factor in excess of 28%; micro-hydrositesneedtobeclosetothetransmissiongrid .

  13. Critical Developments in the Next 5-10 Years • Passing the 20% NCRE by 2020 bill • Improve transmission grid that will make feasible more micro-hydro projects • Develop clusters of micro-hydro • Solve environmental issues around gethermal in national parks and tourism attraction – in depth studies on the impact on geysers • Pass stronger air pollution regulations outside the metropolitan Santiago area(to increase hurdle on coal) • Hard to get project finance for projects < 100 MW

  14. MUCHAS GRACIAS!

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