This morning, Energy and Mining Minister Juan Carlos Jobet announced a new target for non-conventional renewable energies (NCRE), stating that “NCRE will represent 40% of the energy matrix by 2030.” The Minister added that draft legislation will be introduced in the next few weeks that will double the National Energy System’s NCRE quotas from 20% to 40% in the next ten years.
“This decade we will consolidate Chile’s position as a clean energy country. By doing so, we will be cleaning up our cities, helping to stop climate change and improving people’s quality of life.”
Mr. Jobet added that the country will seek to achieve 100% clean energy by 2050. “We had previously announced that we will have closed 50% of our coal-fired plants by 2025. Today, we are announcing the consolidation of zero-emission energy in Chile’s matrix. In doing so, we are leaving the coal age behind and fully embracing the clean energy age, aiming to reach carbon neutrality by 2050.”
In order to reach this target, a main focus will be to execute a large number of the projects with an output of 6,000 MW or more that are planned to come into operation this year. According to Mr. Jobet, “this number is equivalent to all the wind and solar projects that have been inaugurated in Chile over the past 13 years.”
Mr. Jobet added that the proposed legislation will also seek to incentivize the development of green hydrogen, as well as the expansion of electromobility.