Chile

Grenergy acquires 1 GW solar PV portfolio to boost Oasis de Atacama Project, increasing BESS capacity to 11 GWh

September 26, 2024

IPP Grenergy has acquired a 1 GW solar PV portfolio, massively expanding the Oasis de Atacama solar-plus-storage project, the world’s largest battery energy storage system. The US$128 million investment will increase BESS capacity from 4.1 GWh to 11 GWh and double solar PV capacity from 1 GW to 2 GW. Source: Energy Storage

UKEF and Corfo Partner to finance green hydrogen projects in Chile

September 26, 2024

UK Export Finance (UKEF) has partnered with Chile’s economic development agency, Corfo, to jointly finance green hydrogen projects in Chile. UKEF has over US$6.57 billion available for Chilean businesses using UK goods and services in these projects, with loans offered in Chilean pesos. Source: Renewables Now

AES Andes submits proposal for 581.46 MWp solar project with 809.22 MW BESS in Chile

September 12, 2024

AES Andes has submitted a proposal to the Environmental Assessment Service of the Tarapacá region of Chile for 581.46 MWp of solar capacity and a battery storage system (BESS) of up to 809.22 MW.  Source: PV Magazine LATAM

Easter Island utility seeks bidders for 2.994-MW solar and battery storage project

September 12, 2024

Sasipa, a state-owned utility on Chile’s Easter Island, has issued a call for expressions of interest for a 2.994-MW solar photovoltaic plant paired with a battery energy storage system of at least 2 MWh. This project aims to reduce the island’s reliance on fossil fuels. The selected bidder will be responsible for the design, construction, […]

AES Andes submits potential US$3 billion solar and energy storage projects for environmental evaluation in Chile

September 12, 2024

AES Andes SA has submitted three solar photovoltaic projects for environmental evaluation in Chile, representing a potential investment of US$3 billion. Each project includes significant battery energy storage systems (BESS). Source: Renewables Now

First phase of US$11 billion green hydrogen project in Chile files for environmental approval

August 15, 2024

The first phase of a US$11 billion green hydrogen and green ammonia project in Chile, led by Copenhagen Infrastructure Partners (CIP) and two Austrian firms, has been submitted for environmental approval. Source: Renewables Now

SUSI Partners to fund 860 MW battery energy storage portfolio in Chile

August 15, 2024

SUSI Partners will fund the development of a battery energy storage portfolio in Chile, in partnership with local developer BIWO Renovables. The portfolio comprises 22 battery projects with a total capacity of 860 MW. Most projects are in advanced stages, with the first expected to be ready for construction in the first half of 2025. […]

Codelco secures US$532 million in climate financing to support full decarbonization by 2030

August 1, 2024

Chile’s state-owned copper company, Codelco, has secured US$532 million in climate financing from Crédit Agricole CIB, with a guarantee from the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. The funds will support Codelco’s plan to fully decarbonize its energy matrix by 2030, which includes transitioning to renewable energy sources. Source: America Economia

HNH Energy proposes US$11 billion green ammonia and hydrogen plant in Chile

August 1, 2024

HNH Energy has proposed an US$11 billion green ammonia and hydrogen plant, marking the largest project ever submitted for environmental assessment in Chile’s SEIA. The project includes a range of components: a green ammonia production plant, a seawater desalination facility, a wind farm, a multipurpose port with a maritime terminal, underground power transmission and transport […]