With transmission lines at overcapacity and permitting delays slowing the development of new grid infrastructure, battery energy storage systems (BESS) have surged as a profitable alternative for Chilean power producers.
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.
Pursuant to Law 21,505, the Chilean Ministry of Energy has proposed to amend the regulations on capacity payments to allow for those payments to be applicable to energy storage systems.
Battery storage projects cannot come soon enough for Chile. While Chile has been at the forefront of renewable energy generation growth in Latin America for close to a decade, that growth has most recently undergone serious growing pains.
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Chile Energy Minister Diego Pardow was present at the inauguration of the 200 MW/800 MWh BESS del Desierto, a project its developers describe as the first large-scale …
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Fitch Ratings-Sao Paulo/New York-01 April 2025: Project finance transactions in Chile are expected to increase due to the recent commissioning of large battery energy …
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Chile has taken a significant step in the development of clean energy with the inauguration of the largest battery energy storage system (BESS) in Latin America. This milestone marks a pivotal …
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July 31, 2025 Battery Energy Storage Systems (BESS) are emerging as a strategic pillar in Chile’s energy transition. In this interview, Bernardo Severino, Head of Research at the Center for …
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BESS Opportunities in ChileBESS Opportunities in Chile Battery storage projects cannot come soon enough for Chile. While Chile has been at the forefront of renewable energy …
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An aerial view of the BESS del Desierto in Chile. Image: Atlas Renewable Energy. Atlas Renewable Energy has inaugurated a 200MW/800MWh BESS project in Chile, which it …
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