SAO PAULO (S&P Global Ratings) Oct. 30, 2020--S&P Global Ratings said today that Enel Chile S.A.'s (BBB/Stable/--) third-quarter results are in line with our expectations. Despite the economic fallout from COVID-19, Enel Chile's decarbonization process remains on track and within budget. The company still expects its renewable capacity to represent almost 77% of total output by the end of 2022, up from 65% in 2019. Specifically, in early October 2020, Enel Chile began the construction of the Domenyko project, a new 240 megawatt photovoltaic solar plant located in the Antofagasta region that will start operations next year. We will continue monitoring the path of the company's strategy given its importance in maintaining Enel Chile's competitive position, which we see as
