Expected ROI of residential solar battery project in Chile 2026

How many energy storage projects are in Chile?

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.

How can Chile keep up with the changing energy demand landscape?

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.

How much will the IPP invest in solar & energy storage?

According to its Strategic Plan 2023-2026, the IPP will commit US$2.6 billion to these expansions, with US$1.5 billion allocated to solar PV and US$800 million to energy storage. Of its three major operational markets – the US, Europe and Latin America – Grenergy highlighted Chile as a fulcrum for leveraging up its solar and storage businesses.

How many GW of solar & wind are there in Chile?

Around 9 GW of solar and wind have been commissioned in the country between 2019 and 2023, an Enerdata report dated April 2024 shows. The share of renewables in Chile’s power mix has been growing at a fast pace and reached 58% in 2023.

Does Chile have a Bess auction procedure?

Chile has also put in place an auction procedure to award public land for the development of BESS projects. Moreover, the country’s Congress has launched discussions on amending Chile’s energy transition bill to include large-scale BESS auctions.