Chile Focuses on Solar and Storage as Generation Capacity
Chile is rapidly moving to build more power generation capacity, with much of that effort focused on renewable energy resources and battery energy storage systems (BESS). The country
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:
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.
As renewables scale up, the need to store energy is increasing. Chile is leading the way in Latin America and has more projects in the pipeline, but hurdles remain
Chile's first battery energy storage projects were commissioned in 2009, and all but two of its 16 administrative regions have facilities in operation, under construction or in the planning stage. The greatest installed capacity is found in the northern regions of Antofagasta and Tarapacá, the country's solar powerhouses.
Chile is rapidly moving to build more power generation capacity, with much of that effort focused on renewable energy resources and battery energy storage systems (BESS). The country
The project is Atlas Renewable Energy''s first foray into battery storage technology, which the company sees as essential for increasing the share of renewable energy sources in the power
Discover how Chile is emerging as Latin America''s leading energy storage powerhouse. Explore innovative technologies, government initiatives, and investment trends driving the region''s
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