This project alone nears the capacity (13GWh) the Chilean Ministry of Energy sought in a public land bidding auction for standalone energy storage projects in May of 2024. Chile has been one of the countries at the forefront of the renewable energy transition in Latin America, first with solar PV and now with BESS.
According to a December 2023 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.
During the Energy Storage Summit Latin America (ESS LatAm) in October 2024, Ana Lía Rojas, executive director at the Chilean renewable energy and energy storage association (ACERA), explained how the current levels of curtailment in Chile, which could end up at approximately 5TWh in 2024, could power up to 3.4GW of 4-hour duration energy storage.
Having energy storage in Chile is no longer a luxury asset but has become an “absolute necessity”, explains Alejandro McDonough, business development manager of Americas area sales at Wärtsilä Energy Storage and Optimisation (Wärtsilä ES&O).
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The document discusses renewable energy policies in Latin America, focusing on Chile''s strategies for sustainable energy development.
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Hungary has unveiled a significant new initiative to boost residential energy storage, allocating HUF 100 billion to subsidize home battery systems. The program is designed to help …
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Power generation companies have formally committed to retiring thermal power plants by 2040. Also, among the top government programs outlined to support this goal is the …
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The Hungarian government has launched a residential energy storage program with a budget of HUF 100 billion. Under the initiative, households can install 10 kW battery energy …
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