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Engie has presented its transformation plan for its operations in Chile, which includes the development of 2GW of renewable energy capacity and the end of its coal-fired power generation activities by 2025.
Engie has announced the development of a 2GW renewable energy portfolio in Chile, representing an additional 1GW since the last announcement in 2019. To date 0.6GW is already under construction. The Group also reaffirmed its commitment of closing six units (0.8GW) of coal capacity, including two facilities already closed in 2019, and the conversion of the three newest units (0.7 GW) to gas or biomass by 2025. The entire plan involves an investment of € 1.5 billion by 2025. It will enable Engie to reduce CO2 emissions by 80% from its energy production activities in Chile by 2026.
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