Chile is rapidly expanding its energy storage capacity as a key component of its decarbonization and renewable integration strategy. With over 23 energy storage projects approved totaling nearly 3,000 MW in capacity, alongside operational systems nearing 1 GW, the country aims to meet ambitious 2050 net-zero targets and address grid limitations caused by increased renewable […]
Brazil is preparing for its first large-scale battery energy storage system (BESS) auction in April 2026, following public consultations launched by the Ministry of Mines and Energy (MME). This initiative targets a significant increase in grid flexibility to address rising curtailment issues stemming from rapid solar and wind expansion. The delivery of decentralized battery systems
Spanish renewable energy company Grupo Ibereólica Renovables has launched a significant battery energy storage system (BESS) deployment across three Chilean projects totaling 1,330 MW and 6,310 MWh of capacity. Meanwhile, Spanish firm BeePlanet Factory has forged a strategic alliance with Colombian energy company SunColombia to develop commercial and industrial energy storage solutions in Colombia, leveraging
Trina Storage has signed battery energy storage system (BESS) contracts totaling 1,203 MWh across Chile and Argentina with key regional energy players T-Power and YPF Luz. The company intends to deliver roughly 2.5 GWh more in the first half of 2026, reinforcing its position among the top five BESS suppliers in South America amid growing
The Coquimbo region continues to consolidate its position as a hub for large-scale energy storage investments through the approval of multiple battery energy storage systems (BESS). Two projects totaling nearly $488 million in capital expenditure are poised to enhance grid flexibility by storing surplus renewable energy and supplying it during peak demand periods, supporting Chile’s
The International Finance Corporation (IFC) has committed $300 million to Central Puerto, supporting Argentina’s energy sector reforms by acquiring a majority stake in the Piedra del Águila hydropower plant and deploying a 150 MW battery energy storage system (BESS). This financing marks the largest utility-scale energy storage project awarded in Argentina, signaling increased private sector
Copec Emoac and Verano Energy have finalized a long-term power purchase agreement to develop the Observatorio solar project in Marchigüe, O’Higgins Region. Scheduled to start operations in early 2028, the hybrid facility will integrate 123 MWp photovoltaic capacity with 660 MWh of high-capacity battery energy storage, marking a strategic expansion of Chile’s renewable footprint in
METLEN Energy & Metals finalized the financial closing of its asset sale in Chile, transferring a portfolio of four operational solar plants totaling 588 MW alongside co-located battery energy storage systems (BESS) with a combined capacity of 1,610 MWh to Glenfarne Group’s subsidiary. This transaction strengthens Chile’s position as a leading market for hybrid solar
Central Puerto S.A. has obtained a $300 million financing agreement with the International Finance Corporation (IFC) to advance key energy infrastructure projects in Argentina. The funds will enable the installation of 150 MW of battery energy storage systems in the Buenos Aires metropolitan area and support the acquisition and operation of the 1,440 MW Piedra
