Investors PASH and ERIH target solar and 40MWh of battery storage projects in Paraguay

LinkedIn
Twitter
Reddit
Facebook
Email

Investment firms PASH Global and ERIH Holdings have formed a joint venture (JV) to develop utility-scale solar and battery storage projects in Paraguay.

A spokesperson for UK-based PASH told Energy-Storage.news that the partnership would initially target 100MW of solar PV and 40MWh of separate, standalone battery storage projects in a first phase of investment.

A second phase could see that rise to a 200MW of PV and 70MWh of battery storage, they added.

The companies announced the first project would start production in 2024 while the remainder would be deployed between 2024 and 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • 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

“We are pleased to partner with PASH and see significant opportunities for our JV to expand our solar and energy storage footprint. I am confident that this will pave the way to more opportunities in the LATAM renewables and storage market,” said ERIH CEO, Akin Gunduz.

Like most of Latin America, the grid-scale battery storage market in Paraguay is at a relatively early stage. However, recent moves by the government show that may be about to change.

In early 2021, the country’s grid operator and utility ANDE (Administración Nacional de Electricidad) announced plans to install a swathe of new solar-plus-storage facilities.

Detailed in a ‘Generation Master Plan 2021-2040’, seven of the projects paired PV with 2.5MWh of battery storage while three larger projects for 2024/25 were suggested with a capacity of 44MWh. See ANDE’s document (in Spanish) here.

In December 2021, executives from ANDE and Itaipu, which runs the third-largest run-of-river hydroelectric power plant in the world at 14GW, visited a Tesla battery storage site in California. The delegation announced they were considering using battery storage at the Itaipu plant as well as more widely in Paraguay.

PASH Global is headquartered in London, UK, while ERIH is based in Ankara, Turkey.

See more Energy-Storage.news coverage of the energy storage market in Latin America here.

Read Next

September 18, 2025
Chang Jae Won of the Korea Smart Grid Association believes companies lack a model for recovering their investment in DC energy storage.
September 18, 2025
Hydrostor has secured US$55 million in funding from Export Development Canada (EDC) to advance development activities for its 200MW/1,600MWh Silver City Energy Storage Centre project in Broken Hill, New South Wales, Australia.
September 17, 2025
China has published a national plan to promote large-scale energy storage facilities, encouraging investment and broader participation in the electricity market.
September 16, 2025
Ignitis Group and Olana Energy have progressed BESS projects in Lithuania closer to construction, with the order of equipment and final investment decision (FID) taken, respectively.
September 15, 2025
Hithium will supply battery storage and SMA the power conversion systems for a 500MWh grid-forming project in Australia for Fotowatio Renewable Ventures (FRV).

Most Popular

Email Newsletter