Forecast: Share of Renewable Electricity Generation in Chile

The share of renewable electricity generation in Chile has seen fluctuations over the past decade. Starting at 35.67% in 2013, it peaked in 2015 at 43.6%, before gradually declining to stand at 39.65% in 2023. The year-on-year reduction has been relatively steady, with percentages decreasing slightly each year. The compound annual growth rate (CAGR) over the last five years was -0.8%, indicating a gentle downward trend. Forecasts for the next five years predict an ongoing decrease with a CAGR of -0.66%, reflecting a continued decline in the share of renewable electricity generation.

Future trends to watch for:

• Technological advancements in renewable energy sources that could counteract the declining trend.
• Policy changes that could either boost or reduce incentives for renewable energy investments.
• Market dynamics, including consumer demand for green energy and changes in the global energy market.
• Potential impacts of climate change efforts and international agreements on the national energy strategy.