The Energy Storage Report 2024

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

PPA signed for Grenergy’s Oasis de Atacama project in Chile, featuring ‘world’s biggest’ BESS

By JP Casey
LinkedIn
Twitter
Reddit
Facebook
Email

Spanish independent power producer (IPP) Grenergy has signed a power purchase agreement (PPA) for the fourth phase of its Oasis de Atacama solar-plus-storage project in Chile, which has the largest capacity of any storage project in the world.

Grenergy is commissioning the project, which was announced in 2023, in four phases, and expects to begin operation in 2025. The fourth phase of development will see Grenergy add 260MW of new solar capacity, alongside 1.1GWh of new storage capacity, which will help the project reach its total nameplate capacity of 1GW of solar and 4.1GWh of storage.

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

The company signed the PPA with an unnamed “international utility with an investment grade credit rating”, and the utility will acquire power generated at this phase of the project for 15 years. Grenergy has already completed PPAs for other phases of the project, with Chilean energy company EMOAC signing a 15-year deal, and Grenergy has now completed contracts worth €2.7 billion (US$2.9 billion) at the project.

To read the full version of this story, visit PV Tech.

19 June 2024
Messe München
27 June 2024
8am (PDT) / 11am (EDT) / 5pm (CEST)
Join us to discover some successful battery analytics-powered asset management strategies, decoding both real-life examples and replicable best practices in leveraging battery field data. Bringing together expert voices from battery analytics and asset management, this webinar will deliver actionable insights to build a strong operating system and take control over your full asset. No more blind principle or educated guesses: uncover the value of battery data and learn how to capture its weak signals to stay ahead of the curve!
9 July 2024
Sands Expo and Convention Centre, Singapore
Now in its second year, the Summit gathers independent generators, policymakers, banks, funds, offtakers, and cutting-edge technology providers and clarifies what successful energy storage procurement and deployment strategies look like. Topics covered include macro-level policy, supply chain dynamics, financing strategies, co-location considerations, safety measures, microgrid insights and more.
18 July 2024
Philadelphia, Pennsylvania
27 August 2024
Expo Center Norte, Sao Paulo

Read Next

Premium
June 18, 2024
Jupiter Power has unveiled plans to construct a 700MW standalone battery energy storage system (BESS) facility at the site of a former oil depot previously owned by ExxonMobil in Everett, Massachusetts.
Premium
June 18, 2024
Octopus Energy’s head of flexibility discussed its tolling deal with Gresham House for nearly 1GWh of BESS projects, including how they will fit into its VPP portfolio and whether their energy market activity could change under its control.
June 18, 2024
A renewables-only subsidiary of utility Eneco and developer Energisto have revealed a battery energy storage system (BESS) joint venture in Germany, which expects construction permits for up to 400MWh of projects this year.
June 18, 2024
RWE has moved forward with proposals for a 350MW battery energy storage system (BESS) to be located next to its Pembroke Power Station in Wales, UK.
June 18, 2024
Aaron Philipp Gerdemann explores some of the grid-forming technologies emerging as alternatives to traditional solutions for safeguarding the grid.

Most Popular

Email Newsletter