Chile is on track to reach its 20% renewables target several years early, with its rapid renewables build-out and high capacity factors quickly replacing thermal generation.

In September, Chile’s non-large hydro renewable energy generation – led by wind and solar – reached 19% of total generation, power regulator CNE said it its latest report. In October, renewables accounted for just over 20%, said the country’s renewables association, ACERA.