Santiago, April 23, 2025.- Codelco took a new step in incorporating renewable energy into its energy mix. The Corporation successfully concluded the public bidding process carried out in 2024, in which 32 companies participated. The result was the award of 1.5 terawatt hours per year (TWh/year), divided into 1 TWh/year to the company Generadora Metropolitana, owned by the AME and French groups EDF, and a second contract of 0.5 TWh/year to GR Power Chile.

The contracts include lithium-based storage systems and involve energy supplies from January 2026 to December 2040, both to meet current demand and new requirements for the divisions. These contracts are part of the Corporation's goal of ensuring a 100% clean energy matrix by 2030.

"With these contracts, we are strengthening our plan to completely decarbonize our electricity grid by 2030, which reinforces the path toward sustainable mining, aligned with our goal of being a pillar of sustainable development in Chile and the world," emphasized Rubén Alvarado, Codelco's CEO.

The path to green energy

In 2018, the company launched a strategy of contract renegotiation and new tenders for the supply of renewable energy, with the goal of decarbonizing its infrastructure, obtaining more competitive rates, and mitigating risks associated with coal-based contracts.

Thus, among the contract renegotiations were two with Colbún and CTA, which allowed for the release of energy blocks starting in 2026, facilitating the development of two public tenders. The first was awarded in February 2024 to the companies Atlas, Innergex, and Colbún, for a total of 1,800 GWh/year. The second, which led to the process now culminating, was the result of a renegotiation with Engie (CTA).

"The result of this tender is an important milestone for Codelco, as it reinforces our path toward a more sustainable future. With these contracts, Codelco continues to promote the development of renewable energy projects and storage systems, ensuring long-term electricity supply for the Corporation under conditions consistent with the current technical and economic reality of the market," added Mauricio Acuña, Vice President of Supply at the state-owned company.

Codelco