RIO DE JANEIRO, BRAZIL - In recent years, Chile has seen exponential growth in renewable energy, becoming the second most attractive market for energy investment among emerging economies, according to Bloomberg New Energy Finance's Climatescope 2021. However, Chile's energy transition faces significant challenges.
Five coal-fired power plants were closed by 2021, with four more expected to follow by 2022. So by 2025, a total of 15 power plants are expected to be closed and three converted, representing 65% progress. By 2040, the 28 coal-fired power plants in Chile's electricity generation system are expected to be permanently . . .