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.
IPP Innergex and system integrator Prevalon Energy have agreed to nearly double the capacity of BESS capacity at two sites in Chile with existing operational facilities.
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.