A lack of regulation and policy regarding BESS is challenging the growth of the technology in Latin America and the Caribbean.

Battery energy storage systems (BESS) will play an important role in reducing curtailment issues Chile has been facing in 2024, keynote speakers said at the third edition of Solar Media’s Energy Storage Summit Latin America 2024 today.

CIP has reached final investment decision on a 220MW/1,100MWh battery energy system storage in Antofagasta, Chile.

This week Engie Chile has energised the 68MW/418MWh BESS Tamaya project in Antofagasta, while Canadian Solar’s e-STORAGE secured a turnkey EPC contract to supply a 98MW/312MWh DC BESS in Chile.

US renewables developer Origis Energy has signed a 200MW solar-plus-storage power purchase agreement (PPA) with utility Tennessee Valley Authority (TVA) in Mississippi, US.

The Spanish Ministry of Ecological Transition has passed a royal decree which updates the country’s NECP targets between 2023-2030.

IPP Grenergy has acquired a 1GW solar PV portfolio and 1GW of energisation lines in Chile which will allow the hybridisation of 6GWh.

A public consultation regarding the auction will be launched in the coming days, while capacity and funding details have yet to be disclosed.

IPP Clearway Energy Group has closed US$550 million in financing for a solar-plus-storage project with a 118MW BESS in Kern County, California.

The solar PV part of the Stampede project started producing power in June 2024, while the 86MW BESS is currently undergoing final commissioning.