According to the National Energy Commission, Chile’s installed capacity will increase by 6,750 MW by 2024, as 118 power plants projects are currently under construction. The plants under construction are mainly solar, with 71 projects totalling 3,080 MW, followed by 16 wind projects (1,838 MW), 5 five hydropower projects (987 MW), 15 thermal projects (mostly diesel-fired, 563 MW), 8 mini hydropower projects (77 MW), 2 biomass plants (170 MW), and the expansion of the Cerro Pabellón geothermal plant (33 MW).
According to the US Energy Information Administration (EIA), US coal production declined by 7% in 2019 to reach 706 Mt, the lowest amount of coal produced in the country since 1978. This trend continued and accelerated in 2020, and the EIA forecasts a 29% decline in coal production in 2020. This is due to a lower global coal demand - coal exports through May 2020 are 29% lower than during the first five months of 2019 - and to a reduced coal-fired power generation in the US (-16% in 2019 and -34% over the January-May 2020 period). US coal production is expected to increase by 7% in 2021, when rising natural gas prices may cause some coal-fired electric power plants to become more economical to dispatch.
According to the UK power transmission system operator National Grid, the country’s objective to reach net zero carbon emissions by 2050 is achievable. To do so, the United Kingdom will have to connect at least 40 GW of new capacity within the next decade and to build 3 GW of wind and 1.4 GW of solar power every year until 2050. It will also have to halve the levels of gas burnt unabated by 2038 and to deploy hydrogen and carbon capture and storage (CCS) technologies, with industrial-scale demonstration projects operational by 2030, to reach negative net emissions from the power sector by 2033. In addition, 80% of households would need to switch to electric vehicles with smart charge and the energy required to heat an average house should drop by 75%.
The OPEC and some of its allies - the so-called OPEC+ - have agreed to ease crude oil production cuts as the global economy is slowly recovering from the coronavirus pandemic. Production cuts will be eased to 7.7 mb/d from 1 August 2020 until the end of 2020.