Forecast: Total (Excluding Solid Biofuels) Renewable Energy in Chile

The total renewable energy supply in Chile, excluding solid biofuels, witnessed an overall upward trend from 2013 to 2023. The value stood at 8.68 Units in 2023. Early years saw significant growth, with a remarkable 39.44% year-on-year increase in 2014. However, from 2019 onwards, the growth rate slowed, stabilizing around 0.011%-0.013% from 2021 to 2023. The last five years showed an average annual variation (CAGR) of 1.71% from 2018 to 2023.

The forecasted data for 2024 to 2028 indicates a continuation of this trend, with minimal increases projected, reaching 8.69 Units by 2028. This translates to a forecasted 5-year growth rate of just 0.02%, indicating a period of stagnation in renewable energy supply without solid biofuels.

Future trends to watch for include technological advancements in renewable energy sources, policy shifts towards greener energy, and potential increases in public and private investment in renewable infrastructure, which could influence the forecast and lead to higher growth rates.