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				    Chile Energy Storage Chile will need new renewable energy storage systems to replace its current backup capacity of coal-fired plants and natural gas-powered combined
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				    Explore Chile solar panel manufacturing landscape through detailed market analysis, production statistics, and industry insights. Comprehensive data on capacity, costs, and growth.
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				    The Chile energy market report provides expert analysis of the energy market situation in Chile. The report includes energy updated data and graphs around all the energy sectors in Chile.
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				    In the case of Chile and its massive potential of renewable energy sources (RES), a key concern is how to integrate the variability of the potential new generation
				    To achieve its ambitious renewable energy targets, developing energy storage is imperative. But the country has made strong progress, fast becoming Latin America''s poster child for such technologies.
				    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
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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 data from Acera, the Chilean Renewable Energy Association, there are only 64MW of battery storage capacity currently active, representing 0.2% of national capacity. AES Andes, a subsidiary of U.S. company AES Corp. operates all 64MW at their Angamos and Los Andes substations.
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.
The Chilean energy regulator concluded an auction to supply electricity to the national system over a period of 15 years from 2027. Chile's Calama Solar 3 PV plant, said to be the first industrial-scale solar plant in South America, with a total installed capacity of 1.1 MWp. Image: CVE Chile From pv magazine Latam
In addition, Chile will need an estimated 9.5GW of new flexible capacity over the next decade to fully replace coal and to achieve a significant drop in emissions necessary to meet the government’s climate goals.
At the moment, the country’s four largest energy generation companies are leading the way with investment in storage: Engie, Enel, Colbún and AES Andes.