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Engie Ditches Dirty Coal as Latin America Turns to Clean Power

  • Utility closes coal-fired plants to shift to renewable power
  • Region’s clean-energy investment growth dwarfs the world rate
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Photographer: Luke Sharrett/Bloomberg

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As Latin America hones its focus on clean energy, international energy giants are leading the charge to get out of dirty fuels.

French behemoth Engie SA has announced it’s closing coal-fired power plants in Chile at the same time AES Corp. of the U.S. and Enel SpA of Italy have pledged to stop building them. The moves constitute the less-sexy side of the conversion to clean energy in the region, where investment grew more than 25 times faster than the global rate in 2017.