Released July 27, 2021 | CORDOBA, ARGENTINA
en
Researched by Industrial Info Resources (Sugar Land, Texas)--On June 25, Chile's Chamber of Deputies gave preliminary approval to a draft bill banning coal-fired electric power production in the country starting, December 31, 2025. If the Senate approves the bill, it would push forward by 15 years the decarbonization deadline set by the government. However, the 2025 deadline could be extended to 2030, depending on the status of the transmission and distribution projects needed to connect renewable energy systems that would replace the decommissioned coal-fired capacity.
When Chile announced plans in 1919 to eliminate coal-fired plants in the country by 2040, the schedule agreed upon with the plants' owners called for the decommissioning of eight plants by 2024, and 20 more between 2025 and 2040.
Shortly afterward, however, the companies voluntarily decided to speed up the process. On December 31, 2020, Enel Generacion SpA (a subsidiary of Italy's Enel Spa) shuttered the 128-megawatt (MW) Bocamina Plant's Unit I, which was initially planned to be decommissioned in 2023, and announced that it would shutter the 350 MW Unit II in May 2022 instead of 2040. With the shutdown of the two plants, Enel would have a coal-free installed base in Chile.
In April this year, Engie S.A. (La Defense, France) announced it will close its remaining coal units (which add up nearly 1.5 gigawatts (GW)) by 2025. Also, on July 7, AES Andes, the Chilean subsidiary of AES Corporation (NYSE:AES) (Arlington, Virginia) announced plans to remove 1.1 GW of coal-fired capacity by 2025 by shutting down the 558-MW Angamos 1 & 2 Power Plant, 268-MW Nuevas Ventanas Plant and 272-MW Campiche Plant.
Coal represents 20% of Chile's power generation installed base and there still are 25 coal-fired units generating than 4.6 GW that would require decommissioning. To compensate for the absence of coal-fired capacity, huge efforts are being made in the development of solar and wind projects; Industrial Info is tracking more than 500 wind, solar and BESS projects in planning, engineering and construction phases, with an aggregated investment of more than $40 billion, and a total capacity of 32.5 GW.
Subscribers to Industrial Info's Global Market Intelligence Power Project Database can click here for a list of detailed project reports.
The Chilean government is working to set the regulatory framework for the transition and is working with international institutions to expand the transmission and distribution system. In June, the Inter-American Development Bank (IDB) announced a $50 million loan granted to Chile to support programs aimed to improve electricity sector's regulatory framework and other policies and programs for the development of renewable energy and the production of green hydrogen.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
When Chile announced plans in 1919 to eliminate coal-fired plants in the country by 2040, the schedule agreed upon with the plants' owners called for the decommissioning of eight plants by 2024, and 20 more between 2025 and 2040.
Shortly afterward, however, the companies voluntarily decided to speed up the process. On December 31, 2020, Enel Generacion SpA (a subsidiary of Italy's Enel Spa) shuttered the 128-megawatt (MW) Bocamina Plant's Unit I, which was initially planned to be decommissioned in 2023, and announced that it would shutter the 350 MW Unit II in May 2022 instead of 2040. With the shutdown of the two plants, Enel would have a coal-free installed base in Chile.
In April this year, Engie S.A. (La Defense, France) announced it will close its remaining coal units (which add up nearly 1.5 gigawatts (GW)) by 2025. Also, on July 7, AES Andes, the Chilean subsidiary of AES Corporation (NYSE:AES) (Arlington, Virginia) announced plans to remove 1.1 GW of coal-fired capacity by 2025 by shutting down the 558-MW Angamos 1 & 2 Power Plant, 268-MW Nuevas Ventanas Plant and 272-MW Campiche Plant.
Coal represents 20% of Chile's power generation installed base and there still are 25 coal-fired units generating than 4.6 GW that would require decommissioning. To compensate for the absence of coal-fired capacity, huge efforts are being made in the development of solar and wind projects; Industrial Info is tracking more than 500 wind, solar and BESS projects in planning, engineering and construction phases, with an aggregated investment of more than $40 billion, and a total capacity of 32.5 GW.
Subscribers to Industrial Info's Global Market Intelligence Power Project Database can click here for a list of detailed project reports.
The Chilean government is working to set the regulatory framework for the transition and is working with international institutions to expand the transmission and distribution system. In June, the Inter-American Development Bank (IDB) announced a $50 million loan granted to Chile to support programs aimed to improve electricity sector's regulatory framework and other policies and programs for the development of renewable energy and the production of green hydrogen.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
