The government of Chile has announced plans to introduce a bill this year aimed at procuring large-scale energy storage systems. With an investment of $2 billion, the initiative is set to commence operations in 2026
Three utility scale battery energy storage projects co-located with solar plants were announced last week in Chile. Enel is building a 67 MW/134 MWh battery, while CJR Renewable and Uriel
The Chilean authorities plan to hold the first procurement exercise for large-scale storage projects in 2024, with the first systems expected to go online in 2026.
Executive Summary In this work we describe the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration
Three utility scale battery energy storage projects co-located with solar plants were announced last week in Chile. Enel is building a 67 MW/134 MWh battery, while CJR
Chile is now on track to become the second-largest battery market in the Americas, following the United States. As of this year, the Latin American nation has switched on 12 storage projects, with
Copenhagen Infrastructure Partners (CIP) has approved a final investment decision and started construction of the Arena battery energy storage system (BESS) project,
Upcoming capacity payment and expected BESS revenues in Chile All Chilean energy storage players, ranging from IPPs to PCS providers, are now closely awaiting the publication of the capacity market decree (DS N 62)
Gabriel Boric (front row centre), president of Chile since 2022. Image: Biblioteca del Congreso Nacional de Chile. The government of Chile will launch a bill this year to procure large-scale energy storage systems for
Construction works are expected to be completed in 2026. With a capacity of 4.1GWh in storage and about 1GW of solar, once operational Oasis de Atacama will provide
Chile is implementing procedural changes to simplify permitting for energy storage projects, particularly benefiting projects with associated transmission links under certain capacities. The
Dylan Rudney, CEO of Verano Energy, said: "In just over a decade, we have evolved from a solar developer into a fully integrated independent power producer with projects
Additionally, it is expected to provide adequate price signals for the development of new generation and energy storage infrastructure. As Chile continues to advance its
The Estepa project will be a hybrid project consisting of a 215 MW solar project with an estimated generation of 600 GWh per year. The project also includes two battery
A new initiative by the Chilean Ministry of Energy and the Ministry of National Assets is expected to cover storage projects with an aggregate capacity of 13 GWh, distributed
CVC DIF has agreed to acquire the 492 MW Gabriela solar plus BESS project in Chile from Grenergy for $475 million, marking a key milestone in renewable energy investment
Energy pricing volatility and grid stability challenges directly reshape demand, investment patterns, and technological priorities in the shipping container energy storage systems
Renewables Back-up PPAs 3,664 GWh Spot energy purchases 3,875 GWh LNG 1,697 GWh 1,709 GWh Total energy available before transmission losses = 12,584 GWh (*) Average
Ever wondered why everyone''s buzzing about container energy storage systems (CESS) these days? a shipping container-sized solution that can power entire
The technological diversity of energy storage projects in Chile is remarkable. From battery storage systems to innovative projects with gases such as CO2, the country is exploring different solutions to meet changing energy demands.
The Chilean solar market is booming but as curtailment grows, a hybrid approach to generation is gaining ground. Storage project announcements are coming thick
Solar PV developer Atlas Renewable Energy has secured US$510 million in financing for a solar-plus-storage project in Antofagasta, Chile.
Not all energy storage technologies and markets could be addressed in this report. Due to the wide array of energy technologies, market niches, and data availability issues, this market
ACKNOWLEDGMENTS This report has been driven by the Enel Group in Chile and prepared by energiE in collaboration with MRC, as an analytical and participative consideration on the steps
The Arena BESS project is clear evidence of the need for advanced storage technologies to meet Chile''s renewable targets and reduce its carbon footprint, supporting the transition to a cleaner and more sustainable
The Spanish energy storage company Grenergy has announced a US$2.6bn investment plan for 2023-2026 aiming to promote energy storage within the energy sector. The
Atlas Renewable Energy has closed one of its largest financing deals ever, securing a US$510 million investment for the development of a hybrid solar and battery storage
CATL supply will cover phase four of the Oasis de Atacama project in Chile which is expected to be operational by 2026. Image: Grenergy Spanish independent power
This is CIP''s first energy storage project in Chile, but it is part of the company''s broader strategy to invest in renewable energy across Latin America. Through its Growth Markets Fund II, CIP has reaffirmed its
In November 2022, the Energy Ministry proposed establishing a 60% electricity generation target, an upward revision from the 40% target set out earlier (BNAmericas, 2022). Chile considers
Key themes include policy & regulatory milestones, encouraging investment in the region, storage as a transmission asset and other business models, best practice for storage deployment,
In 2022, Chile passed an energy storage and electromobility bill, which made stand-alone storage projects profitable, but the market is still expecting new rules on capacity payment for storage projects, which are to be approved in 2024. Chile has also put in place an auction procedure to award public land for the development of BESS projects.
Currently, 36 of the 129 large-scale projects Latin America projects with an energy storage component under development are in Chile, including 32 out of 71 of the region’s early works projects. The storage technologies either in use or being considered include:
According to estimates of the national electric system of Chile (SEN) cited by Americas Market Intelligence, the country will have 13.2 GWh/ 2 GW (6–8-hour duration) of operating energy storage by 2026. The northern regions of Antofagasta and Atacama account for nearly 5GW of the BESS pipeline.
Engie Chile, meanwhile, has two lithium-ion battery storage systems in operation, with a total capacity of 141 MW. At the beginning of next year, the company will inaugurate a 264 megawatt-hour, 96-battery facility, taking its total BESS portfolio in Chile to 371 MW.
In October 2022, congress passed a bill to incentivise the development of energy storage and electric transport. The legislation allows energy companies to opt for remuneration for the energy they store and then inject back into the system.
This is CIP’s first energy storage project in Chile, but it is part of the company’s broader strategy to invest in renewable energy across Latin America. Through its Growth Markets Fund II , CIP has reaffirmed its commitment to sustainable development and the creation of long-term energy infrastructure in the region.
