The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Chile government seeks multi-gigawatts of large-scale storage for 2026-2028


The government of Chile will launch a bill this year to procure large-scale energy storage systems for commissioning in 2026 totalling US$2 billion of investment, on top of 5GWh already being sought for 2027-28.

Speaking to the country’s parliament last week, president Gabriel Boric said the new bill would lead to the deployment of the energy storage resources needed to integrate the country’s growing renewable energy pipeline.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Chile is one of the main producers of renewable energy in the world and today the challenge we have is to be able to store all that solar and wind energy and also to establish the corresponding transmission lines which is a fundamental step to achieve carbon neutrality before 2050,” he said.

“To achieve this, this year we will launch a bill that requires energy storage systems at large scale which will start operations in 2026. It will be the largest such project in Latin America, with an investment of US$2 billion and it will be in the Atacama desert.”

His speech came just a few weeks after the Comisión Nacional de Energia (CNE) issued preliminary bidding information for a procurement of 5,400MWh of “energy storage and non-variable renewable energies”.

The tender will be split into two blocks of 1,800 MWh for 2027 delivery and another 3,600MWh for 2028 delivery. The projects would provide energy to the National Electricity System under 20-year agreements.

Chile already passed a bill late last year to make it easier for large-scale energy storage to participate in the country’s electricity market (as well as incentives for EV adoption).

In the months following, large-scale projects from AES Chile, oEnergy, Fotowatio Renewable Ventures and Engie Chile totalling over 4GWh have progressed while local utility Colbun inaugurated the first of an 800MW storage pipeline.

Most projects are being planned in the northern Atacama Desert region, often described as the ‘sunniest place in the world’, to be co-located with Chile’s growing solar PV resources.

Read the CNE’s announcement about the 5,400MWh tender here (in Spanish).

Returning for the second edition in Santiago, Chile, the Energy Storage Summit Latin America will explore opportunities in countries such as Chile, Peru, Colombia, Argentina, Brazil and Mexico. Join Solar Media on October 17-18 to meet with investors, policy makers, developers, utilities, network operators, technology providers, EPCs, consultants, law firms and more to make sure you are a part of the rapidly evolving storage landscape in Latin America.

Read Next

June 14, 2024
System integrator Stem Inc and developer Prometheus Power have deployed the first of three co-located BESS projects in Arizona for utilities in the AEPCO co-operative.
June 13, 2024
Developer Ethical Power has received planning consent for a 65MW solar-plus-storage project near Christchurch, New Zealand.
June 12, 2024
Norway-headquartered renewable energy company Scatec will add 28.6MW of solar PV and 19.2MWh of battery energy storage systems (BESS) to projects in Cameroon, via a local subsidiary.
June 12, 2024
We hear from consultancy AFRY about how energy storage can reduce market risks for CfD-winning projects in the UK, now and in future, as Ørsted launches a BESS at a major wind farm project with a CfD.
June 11, 2024
A double-header of big news from Germany, with construction starting on a ‘Grid Booster’ BESS from TransnetBW and Fluence and the EU putting €58 million towards a project that will combine green hydrogen and iron flow battery storage at scale.

Most Popular

Email Newsletter