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Enel reaches milestone in reducing Chilean coal fleet

The Enel Group, through its subsidiary Enel Generación Chile, has disconnected and ceased operations at Unit I of Bocamina coal-fired power plant, which is located in the Chilean municipality of Coronel.

The 128MW Unit I was disconnected three years before the date set in Chile’s National Decarbonisation Plan. With this milestone, coupled with the closure of Tarapacá coal plant on December 31st, 2019 and the expected closure of Enel’s last coal facility in the country, Bocamina’s Unit II, by May 2022, the company is steadily progressing towards the decarbonisation of its Chilean generation mix.

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“We have reached a historical milestone for our presence in Chile,” said Salvatore Bernabei, head of Global Power Generation at the Enel Group.

“We are advancing at full speed towards an increasingly sustainable generation mix. By 2023, we will have shut down our entire Chilean coal fleet, that used to total 636MW up until 2019, and completed around 2.4GW of additional renewables in the country. At present, out of the above targets, we have already phased out 286MW of coal with the closure of Tarapacá and Bocamina’s Unit I and we have around 1.3GW of renewables under construction. Likewise, with the closure of Bocamina’s Unit II, we are expected to become the first power company to shut down coal-fired generation in Chile,” concludes Bernabei.

The Enel Group has placed the acceleration of the energy transition at the core of its Strategic Plan for 2021-2023. During the presentation of the Plan, Enel announced that investments in renewables, in line with the Group’s “ownership” and “stewardship” business models, are expected to lead to an overall installed renewable capacity of more than 67GW by 2023, with a view to reaching around 145GW of installed renewable capacity by 2030.

Enel also announced that it would bring the coal phase-out date forward to 2027 from the previously announced 2030, positioning the Group well on track to achieve its science-based decarbonisation target of 80% Greenhouse gas (GHG) emission reduction in 2030 versus 2017 levels and to achieve its 2050 full decarbonisation target.

Enel in Chile is the largest power company by installed capacity with over 7,200MW of which over 4,700MW from renewable energy.