Forecast: Renewable Power Generation in Chile

The renewable power generation in Chile has experienced remarkable growth from 2013 to 2023, with the value standing at 31.96 Terawatthours in 2023. The year-on-year growth rate has gradually declined from the highs of 31.18% in 2015 to 9.52% in 2023. Notably, the compound annual growth rate (CAGR) over the past five years (2019-2023) was 12.34%, illustrating the steady increase in renewable power generation, albeit at a decelerating pace. Forecast data for 2024 onward suggest a continued but slower growth trajectory, with a five-year CAGR of 5.62% and an overall growth rate of 31.46% by 2028.

Future trends to watch for:

• Technological advancements in renewable energy sources.
• Government policies and incentives to accelerate renewable energy adoption.
• Investment trends in renewable energy infrastructure.
• Integration of renewable energy in the national grid and storage solutions.