AES Andes Leading Renewable Transition in Chile with Major Projects in Antofagasta
Key Ideas
  • AES Andes is developing a renewables portfolio of almost 5.4GW, integrating 4.1GW of new renewables capacity between 2019 and 2027.
  • The company has been given the green light for three major hybrid projects with a combined outlay of US$2.26bn in Antofagasta.
  • AES Andes plans to substantially exit coal-fired generation by the end of 2025, with options including asset sales, fuel conversion, or retirement.
  • The company is also working on a green hydrogen project in Antofagasta, branded INNA, with an expected electrolyzer capacity of 2.3GW and commercial operations starting in 2030.
Chilean generator AES Andes is at the forefront of the renewable energy transition in Chile, with ambitious plans for the development of major projects in the Antofagasta region. The company is focusing on integrating 4.1GW of new renewables capacity by 2027, with three hybrid projects already approved and a considerable investment of US$2.26bn. Additionally, AES Andes is actively working on substantially exiting coal-fired generation by 2025, aligning with the country's goals for a cleaner energy mix. The company's green hydrogen project, INNA, in Antofagasta showcases its commitment to sustainability, with an expected electrolyzer capacity of 2.3GW and commercial operations set to begin in 2030. Chile's push towards green hydrogen is evident, with around 70 projects announced, and the region of Antofagasta being a focal point for derivative green ammonia production. AES Andes' dedication to clean energy and sustainability is paving the way for a greener future in Chile's energy sector.
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