Codelco Achieves 100% Renewable Energy Target Ahead of Schedule

Credit: Engie Chile

Codelco, the Chilean state-owned copper miner, has taken a significant step towards its sustainability goals by securing enough to power its operations entirely with green electricity before its original target date of 2030.

The mining company announced on Monday that it has amended its 2007 power purchase agreement (PPA) with Central Termoelectrica Andina SpA (CTA), a subsidiary of , to transition from coal-derived electricity to renewables. This modification, effective from January 1, 2026, accelerates Codelco's journey towards decarbonization.

The revamped PPA is a crucial milestone in Codelco's sustainability strategy, enabling it to achieve complete decarbonization well in advance of its initial timeline. Earlier this year, Codelco also inked 15-year PPAs with three companies, securing a total of 1.8 TWh/year of renewable electricity. These agreements are projected to propel the company's power mix to around 85% renewables-based by 2026.

Furthermore, Codelco renegotiated its PPAs with utilities Colbun and AES Andes, signaling a firm commitment to transitioning away from coal in favor of cleaner energy sources.

Engie , a subsidiary of Engie SA, has also pledged to halt coal-based power generation in Chile by 2025, aligning with global efforts to combat change and reduce emissions.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use