ENGIE obtained approval from the National Electricity Coordinator (CEN) to start commercial operation of BESS Coya, the largest battery energy storage system in Latin America to date. This system has a storage capacity of 638 MWh, with 139 MW of installed capacity.
Chile also has huge lithium reserves which the state recently moved to gain control over. BYD will supply batteries for a project from Grenergy in Chile which has been claimed as the largest energy storage project in the world.
“Today, Chile is a superpower in terms of the development of energy storage due to the exceptional conditions of the Atacama Desert in terms of hours of solar radiation and the particularity of the energy mix of this vast area, where the penetration of solar energy reaches 50%,” said David Ruiz de Andrés, CEO of Grenergy.
Source: BYD Singapore Spanish RE developer Grenergy Renovables, which is developing its flagship BESS project 'Oasis de Atacama' in Chile, has signed recently a supply agreement with the Chinese battery major BYD for battery energy storage systems for what is claimed as the world's largest battery storage project.
Independent power producers (IPP) like Grenergy are finding the Chilean market viable for adding storage capacities to existing and upcoming solar PV projects, thanks to the intermittency in solar energy generation in the country.
Earlier this year, it signed power purchase agreements (PPA) for solar projects in Chile and Spain with respective capacities of 241MW and 259MW. Both of these are pivotal markets for Grenergy, and Chile featured most prominently in its Strategic Plan announcement.
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