Grid constraints have prevented Chile from maximising the potential of its world-class solar resources. Energy storage has, therefore, become a necessity to ensure the financial viability of PV projects.
The US Department of the Treasury and the Internal Revenue Service (IRS) have released final rule for the Clean Electricity Investment and Production Tax Credits – also known as the technology-neutral credits.
Spanish independent power producer (IPP) Grenergy has secured a 1.25GWh energy storage supply agreement with CATL for its Oasis de Atacama project in Chile.
The South American Andes regional arm of utility and IPP AES has started commercial operations on a project in Chile pairing 211MW of solar and a 130MW/650MWh BESS.