Renewable Energy PPA: Codelco and ENGIE Amend PPA: Shift from Coal to 100% Renewable Energy by 2026

The National Copper Corporation of Chile (Codelco) has amended its 2007 electricity supply contract with ENGIE Chile's subsidiary, Central Termoeléctrica Andina (CTA), to transition from coal-based power to renewable energy.

Key Highlights:

⚡ 1,000 GWh of Renewable Energy: Supply begins on January 1, 2026

📉 New Rate: Effective from 2026 to 2032

Accelerating Decarbonization:

Codelco aims to ensure 85% of its energy supply comes from renewable sources by 2026, securing recent contracts such as:

– 375 GWh/year from Atlas Renewable Energy

– 350 GWh/year from Innergex

Additionally, in Nov'22, Codelco amended its PPA with Colbun, agreeing to gradually replace coal-based electricity with 100% renewables by 2025.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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