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.

Takeaways from the first day of Energy Storage Summit Latin America 2025, including the Chilean and Argentinian markets.

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.

Argentina has awarded 667MW of battery energy storage system (BESS) in its first tender under the AlmaGBA scheme.

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.

Argentina has received more than 1.3GW of energy storage applications for its first battery energy storage system (BESS) tender.

Spanish developer and independent power producer (IPP) Zelestra has reached financial close for its hybrid 1GWh BESS and solar PV plant in Chile.

Utility and independent power producer (IPP) Engie has started commercial operations of its 48MW/264MWh battery energy storage system (BESS) Capricornio project in the northern region of Antofagasta, Chile.