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Enel, AES unit close coal plants in Chile

Power: Italy’s Enel is decommissioning one of its coal-fired power plants in Chile two years sooner than originally planned, with the unit’s closure coming two days after the Chile-based unit of a U.S. utility announced it would accelerate the closure of a pair of coal-fired power plants in the country. Enel on Dec. 31 is […]

January 4, 2021 Read More →
IEEFA: Repurposing coal plants into solar and battery can pay up to 5 times more than decommissioning

IEEFA: Repurposing coal plants into solar and battery can pay up to 5 times more than decommissioning

An economic proposition for coal dominant developing countries

Worldwide, coal plants are grappling with environmental issues and low capacity utilization levels. They have not only become unprofitable to utilities, they are also uneconomical to customers. While retiring end-of-life coal plants can overall be very beneficial, and indeed necessary as finance continues to exit the fossil fuel sector driven by the global energy transition, […]

AES Gener begins work on largest battery storage facility in Latin America

Energy Storage News: AES Gener has held a virtual groundbreaking ceremony to mark the start of construction on a 112MW / 560MWh battery energy storage system project in Chile, Latin America. Multinational electric power generation and distribution company AES Corporation’s local subsidiary said the system, which can store power from nearby solar and wind facilities […]

October 26, 2020 Read More →

AES Gener plans 863MW wind-solar-storage project in Chile

Renewables Now: Santiago-based power company AES Gener SA submitted in Chile the environmental impact statement (EIS) for the 863-MW Parque Terra Energia Renovable wind-and-solar hybrid project. According to documents sent to the Chilean environmental evaluation service (SEA), the South American firm plans to invest USD 750 million (EUR 634.6m) in the project through its unit […]

August 18, 2020 Read More →

BHP to pay $840 million to end Chilean coal power supply contracts early

Reuters: Chilean copper mines Escondida and Spence, controlled by BHP, will jointly pay $840 million for an early end to a contract signed in 2008 with a coal-fired thermoelectric plant in the north of the country. BHP, like other mining companies in Chile, has been migrating its energy contracts to renewable sources to reduce its […]

August 11, 2020 Read More →

Spanish firm Elecnor to build 185MW wind farm in Chile

Power Technology: Spanish renewable energy and infrastructure company Elecnor has secured a contract to build a 185MW wind power facility in Chile. Backed by Mainstream Renewable Power, the Cerro Tigre wind farm will supply the national grid once operational. As per the terms of the contract, the company will install 44 wind turbines each with […]

July 6, 2020 Read More →

Enel head of global power generation says company’s coal exit will happen faster than expected

S&P Global Market Intelligence ($): Italian utility Enel SpA will likely close its remaining coal-fired power stations around the world faster than anticipated, with worsening economics for the fuel leading to billions in write-downs and making an even stronger case to replace capacity with gas-fired plants and renewable energy. The company is still one of […]

June 12, 2020 Read More →

Enel to speed up closure of its last two coal plants in Chile Enel will exit Chile’s coal power sector early by bringing forward the closure of its Bocamina coal-fired power plant, located in Coronel. The company’s Chilean subsidiaries Enel Chile and Enel Generacion Chile informed the market that their boards of directors took the decisions to accelerate the closure of the power station. Enel Generacion Chile […]

May 28, 2020 Read More →

IEEFA update: COVID-19 is giving the thermal coal sector a look at its long-term future

COVID-19 may make 2020 a microcosm of thermal coal’s declining fortunes

As the economic impact of the coronavirus takes its toll, Australian thermal coal prices are now at their lowest level since 2016. This week the price for high energy Newcastle thermal coal dropped to US$50.60 a tonne, down around 25% already since January. Initially, COVID-19’s impact on energy prices has been focussed on oil. With […]

Enel continues its renewable transition, with first quarter coal generation dropping 79%

S&P Global Market Intelligence ($): Enel SpA recorded group net production of 53,928 GWh for the first quarter of 2020, representing a 13.0% decrease compared to 61,956 GWh in the same period in 2019. Notably, the group’s coal-fired production for the period plunged 79.0% year over year to 2,837 GWh from 13,535 GWh. Coal-fired generation […]

April 30, 2020 Read More →