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.

Chile is leading Latin America’s wave of energy storage adoption, closely linked to its embrace of solar PV.

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

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.

The first two phases of Latin America’s ‘biggest’ solar-plus-storage project, Oasis de Atacama, have been commissioned in Antofagasta, Chile.

System integrator and project developer On.Energy has closed a US$77.6 million construction credit agreement with Pathward, NA and BridgePeak Energy Capital to build its 160MWh Palo de Agua battery energy storage system (BESS) portfolio.

Grid constraints have prevented Chile from maximising the potential of its world-class solar resources. Energy storage has, therefore, become a necessity to ensure the financial viability of PV projects.

Grenergy has raised financing for the fourth phase of a solar-plus-storage project in Chile set to feature 11GWh of battery storage capacity when completed.

The US battery storage market is in a rapid growth phase and becoming increasingly competitive, creating an increasing need for sophisticated technologies and a deeper understanding of markets.