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Picture of Chile

Chile

Chile, occupying a total land area of 2,006,096 square kilometers (sq km), is located in western South America. It is bordered by Peru and Bolivia and has a coastline of over 8,000 km along the Pacific Ocean. Due to the country’s latitude and altitude, Chile has four macrobioclimates: tropical, Mediterranean, temperate, and antiborealis. As Chile is a part of the “Pacific Ring of Fire,” it is vulnerable to geological and hydrometeorological disasters, including earthquakes, volcanic activity, tsunamis, wildfires, floods, landslides, and droughts.

POPULATION:
19.12 Million (2020)
CO2 EMISSIONS PER CAPITA:
4.6 CO2 metric tons (2018)
SOURCE:
World Bank

INVESTING IN CHILE

Picture of Chile

CIF’s investment in Chile is through its Clean Technology Fund (CTF). Despite Chile’s outstanding renewable energy potential, high-risk perceptions, low institutional and technical capacities, as well as a lack of experience with investments in renewable energy and energy efficiency, have inhibited large-scale investments.

Chile's $77-million CTF investment plan is targeted at overcoming these barriers and stimulating market development. In particular, CTF funding is helping to derisk investments in early-stage geothermal development and large-scale solar power, including Chile’s first concentrated solar power plant.

CTF INVESTMENT PLAN FOR CHILE
NO. OF CIF-APPROVED PROJECTS
5
CIF APPROVED FUNDING
$76.84M
Expected Co-financing
$970.75M
  • Chart
  • Table
Sources of Expected Co-financing
Loading...
Government
2.12% (20.55M)
MDB
30.36% (294.7M)
Private Sector
31.73% (308M)
Bilaterals + Others
35.8% (347.5M)
SourceData
Government2.12% (20.55M)
MDB30.36% (294.7M)
Private Sector31.73% (308M)
Bilaterals + Others35.8% (347.5M)
CIF Investments by Program
Loading...
CTF
100% (76.84M)
ProgramData
CTF100% (76.84M)

Data as of December 31, 2023

Country Snapshot

CTF
INVESTMENT PLAN

Chile - Investment Plan (Revised) | Proposed Decision
Endorsed by the Trust Fund Committee on October 9, 2013 (Decision)

Approval by Mail: CTF Chile: Project Preparation Grant: Renewable Energy Self-Supply and Energy Efficiency Program (IDB and IFC) - ppg

Preparation grant proposals

COUNTRY MISSIONS

Joint Mission for Investment Plan revision: July 25-26, 2013
Terms of Reference

CTF
INVESTMENT PLAN

Chile - Investment Plan (Revised) | Proposed Decision
Endorsed by the Trust Fund Committee on October 9, 2013 (Decision)

Approval by Mail: CTF Chile: Project Preparation Grant: Renewable Energy Self-Supply and Energy Efficiency Program (IDB and IFC) - ppg

Preparation grant proposals

COUNTRY MISSIONS

Joint Mission for Investment Plan revision: July 25-26, 2013
Terms of Reference

Chile Projects

Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Concentrated Solar Power Project .
Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Energy Efficiency and Self-Supply Renewable Energy Program (PEEERA)
Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Geothermal Risk Mitigation Program
Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Geothermal Risk Mitigation Program (MiRiG)
Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Large-Scale Photo-Voltaic Program
Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Technical Assistance for Sustainable Geothermal Development Project
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News Spotlight

News
From Transport to Infrastructure: How Our Clean Technology Fund Builds Thriving Urban Spaces in Developing Countries
Mar 27, 2025
Busy road with people and tram

See Also

Picture of CTF Contributions to Sustainable Urbanization: An in-depth analysis of the Clean
Case Study
CTF Contributions to Sustainable Urbanization
Mar 24, 2025
Picture of Transformational Change in Concentrated Solar Power
  • Case Study
  • Brief/Guidance Note
  • Feature Story
Transformational Change in Concentrated Solar Power
Sep 24, 2021
Picture of Prioritizing Renewable Energy Options
Sector/Thematic Analysis
Prioritizing Renewable Energy Options
Oct 23, 2015
Picture of Investing in Concentrated Solar Power
Brochure
Investing in Concentrated Solar Power
Jan 12, 2015
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