Chile Offers Important Lessons for Transforming the Energy Sector
Chile's decade-long overhaul of its power sector offers a case study in what works and what still falls short when a country pushes hard toward renewables. A new analysis of that transformation found that wind and solar buildouts can outperform even optimistic projections. That happens when policy stays steady, procurement is well-designed, and governments clearly commit to phasing out carbon in the long term. But renewable growth alone is not enough: without equivalent investment in the grid and storage, the result is grid congestion, curtailed power, and reduced system efficiency. One of the more notable findings concerns politics. The country's…