Chile is undergoing a transformative shift in its energy landscape, with the aim of replacing its reliance on coal and expanding renewable energy production. The country targets the full decommissioning of 5 GW of coal-fired power plants by 2040, with 40 % expected to be retired by 2025. This shift is necessary to address the anticipated 65 % increase in electricity demand by 2040 while aligning with Chile's broader objectives of achieving 70 % renewable energy in the power mix by 2030 and attaining carbon neutrality by 2050.
The opportunities for energy production from offshore wind are great, given Chile’s vast coastline, potential for large scale volumes, existing infrastructure, proximity to demand centers and a low level of conflict. The development of offshore wind farms not only supplements the energy lost from phasing out coal plants but also supports the transition towards cleaner energy, ensuring a stable and renewable supply of electricity. This aligns with the government’s comprehensive efforts, including significant investments in expanding the country’s transmission and storage infrastructure to effectively integrate these new energy sources.
.jpg)
