We are developing Viento Azul Biobio, a commercial scale floating offshore wind project in the central Biobio region of Chile, with our local partner SC POWER.

Chile’s electricity system and the case for offshore wind

  • Chile’s geography supports strong solar in the north and stronger wind in the south, with renewables targeted to reach 70% by 2030 and carbon neutrality by 2050.

  • Nighttime demand is currently met by fossil fuels and hydro, but offshore wind offers large‑scale, reliable, and strategically located generation to replace coal and complement solar and storage.

  • Concepción’s decommissioned coal plants and existing transmission infrastructure make it a prime hub for offshore wind, aligning with national decarbonisation goals and industrial growth.

Political consensus on renewable energy

  • Chile’s Energy Policy 2050 and Climate Change Law commit to carbon neutrality by 2050, with 70% renewables by 2030 and coal phased out by 2040.

  • Broad political and public consensus supports renewable energy expansion, ensuring continuity across different governments.

  • This stable, long‑term framework makes Chile an attractive destination for renewable energy investment and global leadership.

Geography and dependence on the ocean

  • Chile’s geography spans over 4000km, bordered by the Andes to the east and the Pacific Ocean to the west.

  • The ocean is central to Chile’s economy and culture, with 95% of foreign trade transported by sea.

  • Geography, political backing, and electricity infrastructure together make offshore wind a compelling energy opportunity for Chile

The case for offshore wind versus onshore wind

  • Offshore wind complements solar by providing reliable night‑time generation and offers greater scale and stability than onshore wind.

  • Chile’s coastal geography enables offshore wind projects near demand centres and decommissioned coal plants, reusing existing grid infrastructure.

  • Offshore wind supports economic transition, creating skilled jobs and industrial regeneration in communities affected by coal plant closures

Complementary profile to Chile's solar power generation and electricity demand

  • Offshore wind provides stable, near‑baseload electricity over 24 hours, unlike solar or onshore wind.

  • At Viento Azul Biobio, offshore wind peaks in the evening, complementing declining solar output.

  • Offshore wind generation aligns with Chile’s typical peak demand hours