French energy company Engie plans to shutter its three coal plants in Chile and replace them with renewable power sources . To continue, please click the box below to let us know you're not a robot. The decision is part of the company 's strategy to divest its fossil fuel assets in favour of renewable generation and comes as it encourages energy companies to phase out coal in a bid to curb greenhouse gases . By transitioning into clean energy sources rather than sell its assets , it will retain its clients and presence in the country .
French energy company Engie plans to shutter its three coal plants in Chile and replace them with renewable power sources . The decision is part of the company 's strategy to divest its fossil fuel assets in favour of renewable generation and comes as it encourages energy companies to phase out coal in a bid to curb greenhouse gases . By transitioning into clean energy sources rather than sell its assets , it will retain its clients and presence in the country .