Cooperatives grew 11.8% in 2020 despite COVID-19

In 2020, despite the global health crisis resulting from COVID-19, the number of cooperatives grew by 11.8% compared to the previous year. This is according to figures from the Division of Associations and Cooperatives (formerly DAES) of the Ministry of Economy. Cooperative are still expanding this year. As of February 2021, there were 1,394 active cooperatives in Chile which represents an increase of 9.7% compared to the same period in 2020.

Retail sales fell by more than 20% due to quarantines

Compared to the previous week, the results of retail sales between 5 and 11 April show a sharp decline of 21.6% and without supermarkets the drop is 23.7%, reflecting the effects of a week where the restriction on non-essential goods and delivery was in force, reported the National Chamber of Commerce (CNC). In the previous week, from 29 March to 4 April, the fall was 24.6%, excluding supermarkets.

Europe, South American wine traders expect bigger share in China market after anti-dumping duties on Australia

Winemakers from Europe and South America may enter a golden period of development in the Chinese market, the fifth-largest wine consumer in the world and the largest in Asia, after China imposed anti-dumping duties on Australian wine, leaving a 40% market gap to fill. Since March 28 when China's Ministry of Commerce imposed anti-dumping duties on Australian wine, imports from France, Italy, Chile and other markets into China have accelerated significantly.

Chile has 6,335MW of power plants under construction, 94% will be renewable

In the last 6 years, Chile quintupled the capacity generated with solar, wind and hydraulic energy. The Ministry of Energy reports that as of January 2021, there are 6,335MW of power plants under construction. 94% of these plants will generate renewable energy. The vast majority are solar and wind, which according to projections, will be able to cover all the fossil generation that Chile has today in 2040.

Latam Airlines reduces its level of operations in April to 25% due to health restrictions in Chile

Latam reduced its level of operations in April to 25%, compared to the same month in 2020. This is due to an increase of COVID-19 infections in Chile, as well as the tightening of restrictive measures. As a result, domestic air traffic would reach only 18% of operations with domestic flights accounting for 50% and international flights for 5%.

Chilean wine sales increased by 58% in Ireland

Ireland was one of the countries where Chilean wine sales and exports increased. Concha y Toro, one of the largest national wineries, increased its sales by 58%. The company also shipped 534 thousand boxes to Ireland. In addition, 96% of this corresponded to premium category brands, which improves revenues and margins. So much so that Ireland became the second largest market for the company, especially for its leading brand: Casillero del Diablo.

Chile’s cumulative PV installations reached 4.6 GW in March

Chile's cumulative PV installations reached 4.6 GW at the end of March, according to the latest figures from ACERA, the Chilean renewable energy association. Solar plants covered around 12.9% of Chile's total electricity demand in March. All renewable sources combined accounted for 23.6% of total national demand. Overall, total renewable energy capacity in Chile stands at roughly 8.2 GW, accounting for 16.5% of the country's total generating capacity.

Mining industry registers 100 projects with environmental approval for $25,681 mn

100 mining projects achieved environmental approval by the first quarter of 2021, according to the Mining Ministry's Project Management Department. The projects have a total investment of $25,681 million and will generate more than 83,000 jobs: 57,282 in the construction phase and 23,619 in the operation phase. The region with the highest number of initiatives at this stage of processing is Atacama, which has 38 approved projects and an investment of $4,386 million.

Chile’s copper output projected to increase by 3.7%

Chile’s copper output is projected to grow by 3.7% to 5,957.1kt, according to data and analytics company GlobalData. This figure is expected to reach 6,702.8kt in 2024, posting a compound annual growth rate (CAGR) of 4%. Over 20 projects are expected to commence operations during this period, of which, seven are under construction and expected to add 641.3kt of copper production capacity.

21% of the world’s largest public companies expect to reach zero emissions by 2030

A global study revealed of the world's 2,000 largest public companies, those that account for about $14 trillion annually in sales, at least 21% currently own zero net commitments as of 2030. The study, developed by the Energy and Climate Intelligence Unit (ECIU) and Oxford Net Zero, also indicates that this commitment has been made by 9% of states and regions in the largest emitting countries and 13% of cities with more than 500,000 inhabitants.