During the opening address of Energy Storage Summit Latin America 2025, in Santiago, Chile, the Chilean Minister of Energy Diego Pardow Lorenzo said the country was most likely set to surpass its 2050 targets in 2027.

Takeaways from the first day of Energy Storage Summit Latin America 2025, including the Chilean and Argentinian markets.

Spanish IPP Grenergy has begun construction on a 340MW solar project with 960MWh of energy storage in El Cabrero, located in Chile’s Biobío region. 

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.

AES Andes, part of the US-based energy giant AES, has launched construction on two hybrid renewables-plus-storage projects in Chile with 2.2GWh of co-located BESS.

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

Spanish developer and independent power producer (IPP) Zelestra has reached financial close for its hybrid 1GWh BESS and solar PV plant in Chile.

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.