Chile announces $2 billion tender mechanism for energy storage

The Chilean authorities plan to hold the first procurement exercise for large-scale storage projects in 2024, with the first systems expected to go online in 2026.
Image: Mitsubishi Power

From pv magazine LatAm

The president of Chile, Gabriel Boric, has said that the government is now preparing a bill to establish a tender mechanism for large-scale energy storage facilities. The measure aims to maximize the use of renewable energy generated in the northern part of the country.

Diego Pardow, the Chilean minister of energy, has noted the need for greater flexibility in the electrical system. He said that the goal is to tender these storage systems by 2024 and have them operational by the end of 2026. The planned energy storage projects will be located in various sites in northern Chile, where most solar and renewable energy power plants are situated, requiring a total investment of $2 billion.

According to the latest data from Acera, the Chilean renewables association, there are 6,950 MW of renewable energy and storage projects now under construction in Chile. About 68% of them are solar projects and 25% are wind projects.

In addition, 231 MW of storage projects are currently under construction, 68 MW have received approval, and 57 MW are under review. PV projects with storage have a combined capacity of 2,930 MW.

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Renewable energy stocks are struggling, and other energy news – World Economic Forum – Auto Robot Demo
Dec 13, 2023

[…] for a tender mechanism to facilitate large-scale renewable energy storage facilities. The proposed energy storage projects will be strategically located in multiple sites across northern Chile, where the majority of solar and renewable energy power plants are situated. The total investment […]

Rube Garcia
Oct 24, 2023

How can I get in touch with the people in charge of this program?
I do have a business related and I would love to introduce my company.

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[…] for a tender mechanism to facilitate large-scale renewable energy storage facilities. The proposed energy storage projects will be strategically located in multiple sites across northern Chile, where the majority of solar and renewable energy power plants are situated. The total investment […]

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[…] for a tender mechanism to facilitate large-scale renewable energy storage facilities. The proposed energy storage projects will be strategically located in multiple sites across northern Chile, where the majority of solar and renewable energy power plants are situated. The total investment […]

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[…] Source : PV […]