Renewable energy supply in Chile exhibited variations over the past decade, with a significant decline starting in 2013 from 31.43 units to 24.39 units in 2023. Notably, there were periods of growth, such as in 2018 and 2020, with year-on-year increases of 3.3% and 7.74%, respectively. However, the overall trend has been negative, reflected by a 2023 value showing a reduction of 0.41% over the previous year and a -3.24% CAGR over the past five years.
Looking ahead, from 2024 onward, projections indicate a further decline, with the supply expected to reach 23.94 units by 2028. The forecasted 5-year CAGR of -0.3% underscores a continuous downward trend. This suggests a need for policy adjustments or technological advancements to reverse this pattern.
Future trends to watch for include:
- Potential government interventions or incentives aimed at boosting renewable energy adoption.
- Technological innovations in renewable energy that could improve efficiencies.
- Shifts in global energy markets and their impact on Chile's renewable energy investments.
