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CSP NAMA

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Chile

Description

Overview
Sector Energy
Focus area Renewable energy (solar)
Type of action Project
Scope Not known
Stage Under development
Submitted to UNFCCC registry No
Start of initiative 2012
Financing and support details
Financing status Fully funded
Total cost US$ 486 mln
Financing requested
(no data)
Financing received to-date
(no data)
Principal source of financing Multilateral
Principal type of financing Loan
Capacity building required Yes
Technology transfer required Yes
Additional information
Proponent(s) Government of Chile
International funder(s) Clean Technology Fund (CTF), Inter-American Development Bank (IDB)
Organization providing technical support Inter-American Development Bank (IDB)
Contact
(no data)
Objective:

The objective is to construct a single CSP plant with an approximate capacity of 50MW in the north of Chile

Activities: (2012 - 2015)
The plan is to construct a single CSP plant in the north of the country. According to the CTF Investment Plan for Chile, tendering for plant construction will be Oct 2012 and the plant should be finished by Aug 2015.

CSP is of particular interest in the northern region of Chile because by using energy storage, it can better meet the particular demand profile of customers on that grid (24 hour flat demand). The plant will reduce the intermittent generation constraints of non conventional renewable energy.

Impact and MRV

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Cumulative GHG reductions: 2.586 MtCO2e
Mitigative capacity:

The deployment of this project would allow organizations in the Chilean solar industry to learn and gain capacity in producing and executing solar technologies so they can be scaled up more rapidly in the future. Also, successful implementation of this first-of-a-kind project in Latin America will provide information and proof of viability in a new market, allowing second movers to enter will lower perceived risk and cost of capital."The deployment of this project would allow organizations in the Chilean solar industry to learn and gain capacity in producing and executing solar technologies so they can be scaled up more rapidly in the future. Also, successful implementation of this first-of-a-kind project in Latin America will provide information and proof of viability in a new market, allowing second movers to enter will lower perceived risk and cost of capital." cannot be used as a page name in this wiki.

Co-benefits:

Social: Information has not been provided
Economic: CSP technology can mitigate the negative impacts of fossil fuel price volatility and increase consumer energy security.
Environmental: Information has not been provided

MRV Framework: (2012 - 2030)

CTF investment plan for Chile includes the following key indicators:

CTF Transformative impact

  • Transformed energy supply to low-carbon development pathways
  • Decreased carbon footprint of Chilean industry

CTF Catalytic Replication Outcomes

  • Increased employment generated
  • Increased development of solar power plants
  • Increase investment in renewable energy self supply and energy efficiency

Key indicators for the CSP project include:

  • Direct GHG emissions avoided
  • Increasted energy generation and capacity from solar power plants
  • Leveraging new and additional resources for clean technology projects.