Chile’s energy mix is dominated by oil, accounting for roughly 42% of its total energy supply in 2019. Meanwhile, in the power sector, coal and gas account for 37% and 19% of generation, respectively. Phasing out fossil fuels within the power sector will be the most important driver of decarbonisation, together with shifting away from the use of oil in the transport sector.
Chile imports coal and fossil gas, mostly from Colombia and Argentina. In mid-2019, the government announced its plans to close eight (out of 28) older coal power plants by 2024, and the rest by 2040.,, The government updated its national energy policy in 2022 with a vision to 2050. The plan contains a roadmap for the energy transition with targets to increase the share of renewables in electricity generation to 80% by 2030 and 100% by 2050, from around 47% renewable share in 2019.,
In recent years, solar and wind power generation has increased. In 2020, generation from non-conventional renewable sources (primarily solar and wind) reached a 25% share of total electricity generation.