Chacayes Hydroelectric Project, Chile
Chacayes Hydroelectric Project is a large-scale, run-of-river hydroelectric power scheme developed in the Alto Cachapoal Valley of the Andes Mountains, around 80 km south of Santiago. The project utilises the hydrologic resources of the Cachapoal and Cipreses Rivers to generate power from two 56.5 MW turbines. Chacayes was the first in a series of five run-of-river hydroelectric projects developed in Chile that added more than 600 MW of renewable energy capacity to Chile’s national grid.
Benefits: Climate & Environment
Chacayes Hydroelectric Project’s annual emission reductions are estimated to be 234,000 tonnes CO2 equivalent (tCO2e) per year. Benefits include:
- contributing to a material reduction in the country’s reliance on fossil fuels and consequent reduction in carbon emissions.
Benefits: Social & Economic
Chacayes Hydroelectric Project has a significant impact on local communities. Benefits include:
- Improving local infrastructure (roads and bridges)
- Providing employment opportunities
- Initiating social projects, including projects in education, health, and projects aimed at improving the welfare of the local community.
The corresponding carbon credits were verified under the United Nations Framework Convention on Climate Change (UNFCCC)’s Clean Development Mechanism (CDM). The carbon credits of the first crediting period were verified by TÜV Nord. The crediting period renewal in 2020 was verified by AENOR.