Chile expects to close 11 coal-fired plants by 2024

The Chilean unit of U.S.-based AES closed a coal-fired power plant along Chile’s central Pacific coast last Tuesday ahead of schedule amid a drive by the South American nation to end carbon emissions from its grid. Chile in 2019 signed an agreement with major generators AES Gener, Colbun, Enel and Engie to gradually eliminate the country’s coal-fired power plants, which currently produce around 40% of the country’s electricity. Chile expects to have shut down 11 coal-fired plants by 2024.

Source: Reuters