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The French energy group Engie has announced that it will stop using coal to generate electricity in Chile by 2025, while doubling its target for power from renewable sources. The group reaffirmed a commitment to close six coal-fired plants, two of which have already been shut down, that generate nearly 1.5 GW.
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Engie said that almost half of the capacity being taken offline, around 700 MW, would be converted to gas or biomass generators. The group still operates coal-fired plants in Brazil, Morocco, and Portugal. The company also said that it would develop 2.0 GW of renewable energy capacity in Chile, about double the level it was aiming for in 2019.
Engie estimated the cost of the comprehensive transformation plan at $1.8 billion by 2025 and said it should reduce CO2 emissions by 80 per cent by 2026.