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Updated on 
April 10, 2025
Chilean PPA Analysis: 40% Y/Y Growth in 2024, Reaching 4.9 TWh; Metal Industry Led the Surge in Contracted Volume
3 min read

Metal Industry Accounted for 2/3rd of 2024’s PPA Activity | The industry secured over 4 TWh of clean energy, with Codelco alone sourcing more than 2.8 TWh, driven by the growing electrification of its operations.

Average Contracted Period Extended to Over 14 years | Off-takers are locking in longer contracts, typically 14+ years, with diversified solar and wind portfolios to reduce market volatility and secure stable long-term pricing.

Rising PPA Demand for Solar+Storage Facilities | These assets are strategically positioned to address grid congestion and curtailment risks, with strong demand in the northern Atacama and Antofagasta regions.

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