Enel Chile''s Strategic Pivot to Renewables and Storage: A
In conclusion, Enel Chile''s pivot to renewables and storage is a calculated bet on Chile''s energy future. While the path is fraught with challenges, the company''s financial
In 2022, Chile passed an energy storage and electromobility bill, which made stand-alone storage projects profitable, but the market is still expecting new rules on capacity payment for storage projects, which are to be approved in 2024. Chile has also put in place an auction procedure to award public land for the development of BESS projects.
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.
Chile is exploring a variety of solutions to keep abreast of the changing energy demand landscape ranging from BESS to innovative projects using CO2. In March 2024, BESS Coya, the largest battery-based energy storage system in Latin America, started operations.
According to estimates of the national electric system of Chile (SEN) cited by Americas Market Intelligence, the country will have 13.2 GWh/ 2 GW (6–8-hour duration) of operating energy storage by 2026. The northern regions of Antofagasta and Atacama account for nearly 5GW of the BESS pipeline.
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