60%
of renewables (inc. hydro) by 2035
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Newly Updated Report
Monthly highlight featuring one of our recently updated reports.
Highlights:
- Chile targets a share of 60% of renewables in power generation in 2035 and more than 70% in 2050.
- Enel is the largest power company, with around 1/4 of the capacity and half of the distribution.
- Close to 2.9 GW of solar and 1.3 GW of wind capacities were commissioned since 2015.
- Renewables (inc. hydro) account for 46% of the power mix.
- After increasing by 33% between 2015 and 2018, electricity prices have been decreasing. They are the third highest in Latin America.
- Total energy consumption has increased by 2%/year since 2014.
- Industry absorbs 60% of the electricity consumption.
- Chile is developing massively its renewable capacities. Around 6 GW of wind and solar projects are under construction.
- Most coal-fired power projects have been cancelled and the country plans to phase out coal power generation by 2040.
4.2 GW
of wind and solar commissioned over 2015-2019
-7%
final consumption reduction by 2035