The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh battery energy storage system (BESS) portfolio in Uzbekistan.
During the opening address of Energy Storage Summit Latin America 2025, in Santiago, Chile, the Chilean Minister of Energy Diego Pardow Lorenzo said the country was most likely set to surpass its 2050 targets in 2027.
Grenergy has secured a senior non-recourse financing agreement worth US$270 million for Phase 6 of its flagship Chilean solar-plus-storage project, Oasis de Atacama.
Spanish utility Iberdrola and power conversion specialist firm Ingeteam have partnered to hybridise Spanish operational PV plants with battery energy storage systems (BESS).
The government of Indonesia has launched a programme that aims to build 100GW of solar PV and 320GWh of BESS in the coming years, mostly distributed across smaller projects in rural areas.
AES Andes, part of the US-based energy giant AES, has launched construction on two hybrid renewables-plus-storage projects in Chile with 2.2GWh of co-located BESS.