Enel to get out of coal in Chile in May 2022

The Bocamina thermal power plant complex in Coronel, Chile. Image courtesy of Enel Group

July 24 (Renewables Now) - Enel Generacion Chile SA (FRA:EPN) on Thursday received approval from the Chilean energy commission (CNE) to disconnect the second unit of the Bocamina coal-fired plant in May 2022, 18 years earlier than initially planned.

The authorisation seals the fate of the Bocamina plant and allows the power company to fully exit coal in Chile long before the 2040 deadline it agreed with the government.

Earlier this month, Enel Generacion was granted the request for the early closure of the Bocamina I unit and allowed to take it offline on December 31, 2020.

Last year, its petition for the early shut down of a unit at the Tarapaca coal-fired plant was met with the CNE's approval.

The subsidiary of Italian utility group Enel SpA (BIT:ENEL) is now working on the plan to relocate the Bocamina workers and find better use for the land and the facilities, general manager Michele Siciliano said in a statement.

The company will seek to install 2 GW of renewable energy capacity by the time Bocamina goes offline in 2022.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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