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Featured in Curtailment creeps – 07-08 – 2026

Solar powerhouse to storage leader

Chile is transforming in a bid to avoid becoming a victim of its own solar success. Developers have flooded the Atacama Desert with solar projects, turning Chile into a PV powerhouse but also drastically reducing revenues and driving some operators into bankruptcy. S&P Global Energy’s Ángel Cancino sees the country increasingly focusing on energy storage to rescue some of its overbuilt PV capacity.
By
Angel Cancino
Major installations such as Grenergy’s Oasis de Atacama project show the scale of renewables investment in Chile. | Photo: Grenergy

The Iberian Peninsula is emerging as a key test case for hybrid PV and battery storage, driven less by inherent project attractiveness and more by mounting pressure on standalone solar. As merchant exposure, price cannibalization and curtailment risks intensify, co-located battery energy storage systems (BESS) are becoming a tool to stabilize revenues rather than unlock …

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