Wind energy generation in Chile has shown a remarkable upward trend from 2013 to 2023, growing from 0.55 Terawatt-hours to 11.07 Terawatt-hours. The period exhibited varying growth rates, with peak increments like 164.77% in 2014 and occasional dips such as -1.05% in 2018. Over the last two years, 2022 and 2023, observed growth rates were 22.78% and 18.16% respectively. The Compound Annual Growth Rate (CAGR) over the last five years stood at 25.27%, indicating a robust expansion trajectory.
Looking forward, forecasted data from 2024 to 2028 shows a continued upward trend in wind energy generation, with a projected value of 19.99 Terawatt-hours by 2028. This represents a CAGR of 9.2% over the forecast period, equating to a cumulative growth rate of 55.31%.
Future trends to watch for include advancements in wind turbine technology, governmental policies promoting renewable energy, and investments in grid infrastructure, which will likely drive further growth in wind energy generation in Chile.