From ESS News
Danish investment fund CIP’s Growth Markets Fund II, has made a final investment decision on the Arena project, a BESS in the Antofagasta region of northern Chile. “The project has issued the final notification for its execution and will be one of the first projects of this type to reach commercial operations in Chile,” the company said in a statement.
The 220 MW/1.1 GWh site is CIP’s first energy storage project in Chile.
Founded in 2012, CIP focuses on investment in energy storage, transmission, and distribution; wind, solar, biomass, and advanced bioenergy; energy from waste; and power-to-X. In Chile, CIP also has the HNH project, which in 2022 was one of the largest in the world for the production of green hydrogen and ammonia.
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Exciting news for renewable energy in Chile! ⚡️🇨🇱 Copenhagen Infrastructure Partners has started construction on the Arena battery storage project, aiming to supply energy by 2026! 🔋🌱 This is a significant step for energy storage in the region! #CleanEnergy #Chile