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Statkraft has been present in Chile since 2014, operating two hydropower plants and developing hydropower and wind projects.

The two hydro power plants La Confluencia and La Higuera are located in the central area of the country and are operated through a joint venture with the Australian company Pacific Hydro.

In 2015, we acquired Compañía Pilmaiquen Electric with projects and operations in the Pilmaiquen River basin, on the border of the Los Lagos and Los Ríos regions, in southern Chile. Statkraft operates the Rucatayo run-of-river power plant and is currently also constructing the Los Lagos hydropower project.

The Osorno project is not under construction. Statkraft Chile publicly announced its withdrawal from the Osorno project in January 2023, and in September of the same year, the Environmental Assessment Service (SEA) of Chile confirmed the company's resignation, which implies that the project will not be able to be executed. In addition to the resignation, Statkraft Chile restored the water rights associated with the project to the State of Chile.

We are promoting the development of wind power in Chile with the development of three wind farms accounting for more than 100 MW in the central area of the country. The operation of the three wind farms will contribute to a reduction of 100,000 tons of CO2 annually.

Hydropower plant
Photo: Statkraft

The Rucatayo run-of-river power plant.

Key facts

  • Three hydropower plants in operation 
  • 263 MW installed capacity 
  • One hydropower project under construction with an installed capacity of 52 MW 
  • Three wind projects with installed capacity of 110 MW 

Read more on the Chile country site

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Chile country office - Santiago
Statkraft Chile Inversiones Eléctricas Ltda.

Av. Vitacura 2969, 7th Floor

Edificio Torre Alto El Golf

CP 7550007, Las Condes, Santiago

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Find out more about our activities in Chile