Energy in Chile Market Players Analysis¶
Products and Services¶
This report details the top 10 market players in the energy sector in Chile, outlining their main products and services and analyzing available data on their volume and revenue performance in 2024 and early 2025.
Enel Chile S.A. is a major integrated energy company involved in the generation, distribution, and transmission of electricity, as well as other energy sector activities in Chile. [12] Their main products and services include the sale of energy to regulated and unregulated customers. They operate a diverse generation mix including hydroelectric, thermal, and renewable sources. In Q1 2025, commercial operations began at a new hydroelectric plant. [0]
AES Andes S.A. is dedicated to electricity generation in Chile, Colombia, and Argentina. [16] Their product portfolio includes electricity generated from hydroelectric, thermal (diesel, natural gas, coal), and renewable sources, supplied to national grids. [16] They primarily generate revenue from contracted energy and capacity sales, with spot market sales also being a substantial revenue stream. [16]
Engie Energía Chile S.A., a subsidiary of Engie Chile SA, operates in the generation, transmission, and supply of electricity, and transportation of natural gas in Chile. [3, 8, 10] They are a significant generator and transmitter of electricity, serving large mining and industrial customers, as well as distribution companies. [10] The company is actively transitioning its generation matrix. [0]
Colbún S.A. is a Chilean company focused on the generation and distribution of electricity. [2] They operate a mix of hydroelectric and thermal power plants in Chile and Peru, serving electric suppliers, manufacturing companies, and mining clients. [2] The company is also investing in renewable energy projects, including battery energy storage systems. [0]
Transelec S.A. is the principal electric energy transmission company in Chile. They own and operate a significant portion of the high-voltage electricity transmission lines and substations, crucial for the national grid. [0] Their core service is the transmission of electricity across the country.
Sonnedix is an international renewable energy producer with significant solar and wind projects and development activities in Chile. [0] They develop, construct, and operate solar, wind, and storage projects, providing clean electricity. [0] In Chile, they acquired photovoltaic plants with a total installed capacity of 416 MW. [0]
Statkraft is a Norwegian state-owned power company with international operations, including investments in renewable energy in Chile. [0] They are involved in hydropower, wind, and solar energy globally. Their activities in Chile focus on developing and acquiring renewable energy projects. [0, 25]
Cerro Dominador operates a Concentrated Solar Power (CSP) plant using tower technology in Chile, combined with photovoltaic technologies. [0, 23] Their main product is dispatchable solar power, a significant contribution to diversifying Chile's energy mix. [0] They are also exploring green hydrogen projects. [0]
CGE (part of State Grid) is a major electricity distribution company in Chile, responsible for delivering electricity to regulated customers across a wide geographical area. [0] Their primary service is electricity distribution.
Chilquinta Energía is another significant electricity distribution company in Chile, serving a specific concession area. [0] Their main product is the distribution of electricity to regulated customers. [0]
Comparative Table Showing Growth/Decline in Volume and Revenue (2024 vs. 2023 and Q1 2025 vs. Q1 2024 where available)¶
| Player Name | Main Products/Services | Volume Growth/Decline (2024 vs 2023 or Q1 2025 vs Q1 2024) | Revenue Growth/Decline (2024 vs 2023 or Q1 2025 vs Q1 2024) |
|---|---|---|---|
| Enel Chile S.A. | Generation (Hydro, Thermal, Renewables), Distribution | Physical energy sales increased 11.5% as of Sep 2024. Net electricity generation decreased 7.8% as of Mar 2025. [0] Physical energy sales increased 12.7% in Q1 2024. [20] | Revenue in 2024 (TTM) was approximately $5.05 Billion USD. [0] Operating revenues decreased 9.0% in Dec 2024. [0] Annual revenue in 2024 was down 8.23%. [0] Operating revenues decreased 12.0% as of March 2024. [20] |
| AES Andes S.A. | Electricity Generation (Diversified Portfolio) | Completed construction or acquisition of 3.0 GW of renewables in 2024. [0] Spot sales volumes increased in Q4 2024. [14] | Sales decreased in 2024 compared to 2023. [0] Operating revenue in Chile down 5% in Q4 2024. [14] Trailing 12-month revenue as of Sep 2024 was $2.36B. [16] |
| Engie Energía Chile S.A. | Electricity Generation, Transmission, Supply of Natural Gas | Energy Sales reached 12.6 TWh in 2024. [0] Implemented 1.3 to 1.4 GW of renewable capacity in 2024. [0] Total energy sales increased 3% in 2024. [11] Sales volume to regulated customers increased 8%, unregulated increased 1% in 2024. [11] Sales up in Q1 2025 (physical sales to regulated customers). [10] | Revenue in 2024 was $1.8B, a 16.1% decrease from 2023. [0] Operating revenues amounted to US$1,835.5 million in 2024, a 16% decrease. [0, 11] Revenue increased in Q1 2025 (16%). [10] |
| Colbún S.A. | Electricity Generation (Hydroelectric, Thermal, Renewables) | Signed energy sale contracts for 2,106 GWh per year in 2024. [0] Hydro production of around 5,500 GWh per year during 2025 to 2028 (forecast). [43] Benefited from improved hydrological conditions in 2024 with 7,276 GWh from hydro. [43] | Sales was USD 1,575.98 million in 2024 compared to USD 2,003.62 million in 2023. [0] Ordinary activities income decreased 21% in 2024. [0] TTM revenue as of April 2025 is €1.38 Billion. [0] |
| Transelec S.A. | Electric Energy Transmission | Owns and operates a significant portion of the national transmission network. [0] | Ordinary activities income decreased 5.5% in 2024. [0] Revenues increased 7.5% in H1 2024. [21] |
| Sonnedix | Solar and Wind Project Development and Operation | Global capacity of over 11 GW in 2024. [0] Owns 416 MW of photovoltaic capacity in Chile. [0] Continuously building new projects. [0] | Global revenue increased in 2023 partly due to acquisitions in Chile. [0] Chile-specific revenue for 2024 is not detailed in provided sources. |
| Statkraft | Renewable Energy (Hydro, Wind, Solar) | Total power generation globally increased 7% in 2024, primarily due to new wind assets outside of Norway. [25] Global total power generation capacity rose 10.3% in 2024. [25] Has wind power assets in Chile. [0] | Net operating revenues globally decreased in 2024 compared to 2023. [25, 29] Underlying EBIT in the International segment (including Chile) increased in 2024. [0] |
| Cerro Dominador | Concentrated Solar Power (CSP) and Photovoltaic Generation | Operates a 210 MW hybrid CSP and PV plant. [0] Focused on increasing the number of unregulated customers. [0] | Business income was 90% of total income in 2022. [0] Specific revenue figures for 2024 are not available. |
| CGE (part of State Grid) | Electricity Distribution | Serves a significant number of customers in the regulated segment. [0] | Specific revenue figures for 2024 not available in provided snippets. [0] |
| Chilquinta Energía | Electricity Distribution | Serves a large number of customers within its concession area. [0] | Specific revenue figures for 2024 not available in provided snippets. [0] |
References¶
- Financial Statements Analysis – Q3&9M 2024 - Enel Chile. https://www.enelchile.cl/content/dam/enel-cl/noticias/2024/10/enel-chile-financial-statements-analysis-q3-2024.pdf
- Transelec informa una baja de casi 30% en sus utilidades en 2024 y aborda el apagón. https://www.df.cl/noticias/empresas/energia/transelec-informa-una-baja-de-casi-30-en-sus-utilidades-en-2024-y-aborda-el/2025-03-14/080048.html
- Strong results despite lower power prices - GlobeNewswire. https://www.globenewswire.com/news-release/2025/03/05/3964087/0/en/Strong-results-despite-lower-power-prices.html
- Memoria Anual - Empresas Eléctricas A.G.. https://empresaselectricas.cl/wp-content/uploads/2024/05/MEMORIA_EE_2023_FINAL.pdf
- Sustainability Report 2022 - Grupo Cerro. https://cerrodominador.com/wp-content/uploads/2023/08/Reporte_Sostenibilidad_2022_CerroDominador_EN.pdf
- Management Discussion and Analysis (MD&A) of the ... - Transelec.
- Energyear. https://energyear.eu/chile/