Forecast: Renewable Energy Supply in Chile

From 2013 to 2023, the Renewable Energy Supply in Chile exhibited some volatility, starting at 31.4 Units of Total Primary Energy Supply in 2013 and declining sharply to 27.5 in 2014. The value stabilized around 27.5 units from 2018 to 2023, with only minor fluctuations. In 2023, the supply stood at 27.7 units. The year-on-year variations primarily ranged between -0.37% to 5.02%, with significant drops in the early years and more stable minor increases in the latter years. The Compound Annual Growth Rate (CAGR) over the last 5 years stands at 0.15%.

Future trends to watch for:

• Continued stabilization and minor growth in renewable energy supply are expected, with a forecasted 5-year CAGR of 0.21%.
• Technological advancements and policy changes focused on renewable energy investments could influence future supply significantly.
• Environmental factors and global market dynamics might also play crucial roles in shaping the renewable energy landscape in Chile.