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ENGIE to Replace 1 GW of Coal Assets with 1 GW of Renewables

Power News - Published on Mon, 16 Dec 2019

Image Source: ENGIE
Within the framework of COP 25 in Madrid, ENGIE announced the closure of almost 1 GW of coal units in Chile and Peru between 2019 and 2024. In Chile, ENGIE announces the closure of the two coal units located in Mejillones (334 MW) by 2024. In June 2019, ENGIE closed two coal units in Tocopilla (units 12 and 13, corresponding to 170 MW) and announced the closure of two more coal units in the same site (units 14 and 15, equivalent to 270 MW) by 2021. In Peru, ENGIE will close the Ilo 21 coal power plant (135 MW) by 2022.

ENGIE announced last week an ambitious renewables development plan in Chile, for the construction of 1 GW of wind and solar assets, for an investment of approximately USD 1 billion. The first two projects (Capricorn Solar Park and Calama Wind Farm) are currently under construction, while a third one (Tamaya Solar Park) will begin construction in the first quarter of 2020, thus totaling the first 370 MW of the plan.

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Posted By : Arun Huidrom on Mon, 16 Dec 2019
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