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LATIN AMERICA ADVISOR

Energy ADVISOR

A weekly publication Of the dialogue

October 31, 2025

What Will Chile’s Election Mean for Clean Energy?

Wind and solar power generation has surged in Chile in recent years. The Cerro Dominador Solar Complex in Antofagasta Region is pictured. // File Photo: Jorge via Adobe Stock.

Q

  • Right-wing and conservative presidential candidates are expected to receive more than 50 percent of total vote share in the first round of Chile’s general election on Nov. 16, according to a CEP poll conducted earlier this month. The outgoing administration of term-limited President Gabriel Boric has increased the state’s involvement in expanding Chile’s footprint of wind and solar energy, setting a target of full power sector decarbonization by 2035. What would a return to a market-oriented government mean for renewable power in Chile? What level of confidence should investors in major Chilean solar, wind and battery storage projects have in the long-term financial viability of their assets? To what extent do the leading conservative and right-wing candidates in this year’s election—Evelyn Matthei, José Antonio Kast and Johannes Kaiser—differ in their views on decarbonization in the power sector?

A

Adolfo Romero, senior associate for energy and infrastructure at CMS Carey & Allende in Santiago: “Chile’s renewable energy success has been anchored in clear rules, competitive auctions and a strong commitment to decarbonization that transcends administrations. While the Boric government expanded the state’s role in transmission and storage planning, the fundamentals of Chile’s market-oriented model remain intact. A shift toward a right-leaning administration would likely recalibrate, rather than reverse, current policy. Candidates like Evelyn Matthei and José Antonio Kast have emphasized regulatory predictability, private-sector participation and streamlining of…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. 

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