The renewable energy supply in Chile, excluding solid biofuels, has shown a marked increase over the last decade. In 2023, the supply stood at 9.13 units of Total Primary Energy Supply. Over the past few years, the year-on-year variation indicates fluctuations with a peak growth of 14.66% in 2018, while more recent figures maintain a steady value. From 2019 to 2023, the CAGR was notably modest at 2.73%. Looking ahead, the forecast from 2024 to 2028 anticipates no growth, with the supply remaining constant at 9.13 units. This indicates a plateau in renewable energy supply.
Future trends to watch for:
- Innovation and investment in renewable technology to break the forecasted stagnation.
- Government policies and incentives aimed at boosting renewable energy adoption.
- Potential shifts in regional energy demand and international market dynamics.