Operational solar PV projects in Chile are implementing energy storage capacity, with AES Andes reaching COD of a solar-plus-storage project this week. Image: AES Andes.
Chile has seen a surge in co-located BESS and solar PV projects, either operational or in construction, as the country faces an increase in curtailment and transmission issues. Chilean solar PV and wind saw nearly 6TWh of capacity curtailed in 2024, according to trade body the Chilean renewable energy and energy storage association (ACERA).
This project alone nears the capacity (13GWh) the Chilean Ministry of Energy sought in a public land bidding auction for standalone energy storage projects in May of 2024. Chile has been one of the countries at the forefront of the renewable energy transition in Latin America, first with solar PV and now with BESS.
Since 1982, the Chilean market has recognized capacity payment for plants that contribute adequacy to the electrical system. With Law 20.936 of 2016, the existence of energy storage systems (Energy Storage Systems or SAE) and hybrid energy systems (Renewable Plants with Storage Capacity or CRCA) was recognized in the law.
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