Project Arena, a 220 MW / 1,100 MWh battery energy storage system (BESS), will be one of the first large-scale standalone BESS projects in Chile to reach commercial
A trio of major BESS news in Chile, with Canadian Solar winning a supply contract, Metlen selling a project and Atlas securing financing.
Zelestra, through a $282 million project financing package, has achieved financial close of the Aurora project in Chile. The financing package has been agreed with Natixis CIB
The rapid growth in the energy storage market continues to drive demand for project financing, and like any other project-financed asset class, lenders will analyze both the amount and
Implications for the Energy Sector This project marks a significant step forward in the energy sector, particularly in terms of energy storage and management. The financing of Oasis de
Therefore, Energyear Chile 2025 emerges as a key opportunity to kick off the annual energy sector agenda on the right foot, bringing together top leaders, companies, entities, and associations in one place to continue fostering
Solar PV developer Atlas Renewable Energy has secured US$510 million in financing for a solar-plus-storage project in Antofagasta, Chile.
Verano Energy has successfully closed financing for its Domeyko Solar + Battery Energy Storage System (BESS) project, an 83 MWp solar plant with 660 MWh of
Similar to other renewable energy projects, the addition of construction bridge debt provides an additional source of capital to pay construction costs, but also adds complexity to the project financing of an
The sharp growth in renewable energy production, and the pursuit of ambitious global targets on new capacity, bring with them a significant challenge, alongside huge potential for the storage market''s expansion. The
Zelestra, a global renewable energy company known for its multi-technology approach and customer-centric solutions, has reached Financial Close for its Aurora project in
The BESS units are expected to be delivered in the fourth quarter of 2025. This project is one of many solar-plus-storage projects currently being developed in Chile, which
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China,
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital and project finance. I''m also including some
The BESS Coya project in Antofagasta is Engie''s largest BESS plant in Latin America. Image: Engie Chile. Utility and independent power producer (IPP) Engie has started commercial operations of a 139MW/638MWh
Independent energy expert and assurance provider DNV has been playing a key role in providing advisory services to Atlas Renewable Energy to secure $510 million in
Key Financing Options Direct Ownership with Loans: Companies can finance energy storage projects by borrowing money from lenders. Loans allow organizations to spread
Copenhagen Infrastructure Partners (CIP) has approved a final investment decision and started construction of the Arena battery energy storage system (BESS) project,
Chile has an operational installed capacity of approximately 1GW in batteries, and another 3GW is under construction. Battery storage has been largely financed by bank lending
Copenhagen Infrastructure Partners (CIP) has approved a final investment decision and started construction of the Arena battery energy storage system (BESS) project, with the aim of supplying
The difference is that energy storage projects have many more design and operational variables to incorporate, and the governing market rules that control these variables are still evolving.
DNV has played a key role in providing comprehensive advisory services to Atlas Renewable Energy to secure USD 510 million in financing for the landmark Estepa hybrid
DNV, an unbiased vitality professional and assurance supplier, has performed a key position in offering complete advisory providers to Atlas Renewable Power to safe US$510
Financing for the project is to come from a consortium of leading international banks, including Crédit Agricole, BNP Paribas, DNB, SMBC, and The Bank of Nova Scotia.
IRENA also released an Innovation Outlook on Thermal Energy Storage, further supporting advancements in this critical area. A strong outlook for 2025 In summary, the energy storage market in 2025 will be shaped by
Therefore, Energyear Chile 2025 emerges as a key opportunity to kick off the annual energy sector agenda on the right foot, bringing together top leaders, companies, entities, and
The project also includes two battery storage projects with a 418 MW capacity, equivalent to four hours of energy generation. The project is expected to begin commercial
Zelestra has secured $282mn financing from Natixis CIB, BNP Paribas and BCI for its Aurora project, combining a 220 MWdc solar plant and 1 GWh storage capacity in the
As part of the 2025 national budget, Chile is allocating $1.2 billion in subsidies specifically for energy storage initiatives. Priority funding is directed toward integrated solar
This independent technical validation proved instrumental in securing competitive financing terms from a consortium of leading international banks, including Crédit
Fitch Ratings-Sao Paulo/New York-01 April 2025: Project finance transactions in Chile are expected to increase due to the recent commissioning of large battery energy storage systems (BESS), Fitch Ratings says. This should balance electricity supply and demand while reducing price volatility for renewable energy generators.
In Chile, renewable energy projects can be financed on both a contract basis and a merchant basis. One such project is the SunEdison’s 73 MW Maria Elena located in Antofagasta, which was financed on a merchant basis.
Chile has an operational installed capacity of approximately 1GW in batteries, and another 3GW is under construction. Battery storage has been largely financed by bank lending in recent years, but we believe larger projects could increase the scope for bond financing.
This is not the first time Codelco and Atlas Renewable Energy have signed a PPA for a solar-plus-storage project in Chile, following the two companies’ signing of a 15-year 375GWh 24/7 supply agreement in March 2024. At the time, this marked the developer’s entrance into the BESS market, according to its CEO.
More and more solar PV projects are co-located or hybridised with BESS in Chile as solar PV as standalone projects have become financially unviable in the country. One of the challenges Chile faces is the ever-increasing curtailment of solar PV and wind.
Origis Energy has secured a financing package from MUFG to support the development of a 350MW solar portfolio in the US. A new report has claimed that creating a Sydney renewable energy zone (REZ) in New South Wales, Australia, could generate up to 21GW of renewable energy from rooftop solar PV.
