How many energy storage projects are in Chile?
According to a December publication on the InvestChile website, the country had 23 approved energy storage projects with a total of 3,000 MW of capacity. Chile is exploring a variety of solutions to keep abreast of the changing energy demand landscape ranging from BESS to innovative projects using CO2.
Will Chile be able to develop energy storage projects in ?
In , Chile passed an energy storage and electromobility bill, which made stand-alone storage projects profitable, but the market is still expecting new rules on capacity payment for storage projects, which are to be approved in . Chile has also put in place an auction procedure to award public land for the development of BESS projects.
Where are Chile's battery energy storage facilities located?
Chile’s first battery energy storage projects were commissioned in , and all but two of its 16 administrative regions have facilities in operation, under construction or in the planning stage. The greatest installed capacity is found in the northern regions of Antofagasta and Tarapacá, the country’s solar powerhouses.
Will Chile's storage capacity double in ?
The energy ministry spokesperson told Dialogue Earth that the country’s environmental assessment body is currently assessing the viability of 300 more storage projects, with a total capacity of 16 GW. According to some projections, between and , Chile’s total storage capacity could double to 4 GW.
Why is Chile pursuing energy storage in Antofagasta?
Chilean president Gabriel Boric (centre) at the inauguration of an energy storage plant in the northern region of Antofagasta in April . Chile has strong conditions for wind and solar energy, and is pursuing storage to help overcome intermittent supply (Image: Ximena Navarro / Dirección de Prensa, Presidencia de la República de Chile)
Will Chile support the energy transition?
A spokesperson for Engie Group told Dialogue Earth that Chile is seen as one of its strategic countries for supporting the energy transition, which “entails the investment of USD 1.8 billion by . Our plan in Chile considers incorporating 1.4 GW to reach 2 GW of installed capacity in clean energy, including 2 GWh in storage systems”.
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