In coordination with the Ministry of National Assets, the programme aims to allocate energy storage capacity across four regions – Arica and Parinacota, Tarapaca, Antofagasta and Atacama. Contact online >>
In coordination with the Ministry of National Assets, the programme aims to allocate energy storage capacity across four regions – Arica and Parinacota, Tarapaca, Antofagasta and Atacama.
During president Gabriel Boric''s administration, the country has awarded 32 licenses to renewable projects, which are expected to add 6.5GW of capacity, said the minister of National Assets, Marcela Sandoval.
"We hope to achieve an equally successful situation in the case of this application to promote energy storage in our country," said Sandoval.
The bidding opened on 13 May is applications are only open until Thursday 23 May, in two days’ time.
Presented in November, the ''Promotion Plan for the Development of Storage Systems'' aims to allocate publicly owned land for projects starting operations in 2026. Projects must be operational by 30 June 2027, while the land license will last up to 40 years.
Developers will be able to apply for the direct allocation of land for storage projects in areas defined in partnership with the Coordinador Eléctrico Naciona (CEN), an independent body which helps to coordinate the electricity system in Chile.
Standalone projects have started to emerge more, as is the example of this programme, with developers and independent power producers adding capacity as Chile decommissions its remaining coal capacity. Last month, utility Engie announced it was to build a 116MW/660MWh battery energy system storage at the former site of a coal plant it operated in the northern region of Antofagasta.
Moreover, energy storage is being added to existing solar PV projects to reduce high levels of solar curtailment and negative pricing.
For more information regarding the process and how to participate, you can access Chile''s Ministry of Energy page here (in Spanish).
Energy-Storage.news'' publisher Solar Media will host the 3rd annual Energy Storage Summit Latin America in Santiago, Chile, 15-16 October 2024. This year''s events bring together Latin America''s leading investors, policymakers, developers, utilities, network operators, EPCs and more all in one place to discuss the landscape of energy storage in the region. Visit the official site for more info.
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Chile has long been a pioneer in adopting renewable energy and energy storage – dating back tothe world''s first commercial grid-scale battery-based energy storage system in 2009 – setting an example for other countries in the region and around the world to follow. In partnership with one of our parent companies, AES, Fluence is proud to help continue driving clean energy''s progress in Chile, delivering what will beLatin America''s largest solar + storage project, pairing 180 MW of solar energy with a 112 MW, five-hour duration energy storage system, slated for completion in 2021.
Chile has set a timeline for decarbonizing its electric grid – shutting all coal-fired plants before 2040 – and is already recognizing a variety of benefits from renewable energy investments, including greater energy independence, improved grid reliability, lower costs, new jobs and more investment capital – all as the country and the world seek to recover from the effects of the global pandemic.
Nowhere is Chile''s leadership on clean energy more pronounced than in the northern part of the country. The Antofagasta Region in the Atacama Desert is geographically remote and harsh, making traditional large-scale infrastructure projects challenging, yet is also a hub of critical mining operations that require large amounts of power. The region also has some of the highest solar radiation in the world. The confluence of market structure changes, decarbonization goals, high solar energy penetration and transmission constraints is creating ideal conditions for an energy storage boom in Northern Chile.
Renewable energy and energy storage technologies are ideally suited for precisely this kind of environment and application, as evidenced by AES Gener''s recently announced Andes Solar II B solar + storage megaproject. Combining 180 MW of solar power generation with a 112 MW / 560 MWh battery, Andes Solar II B will be the largest lithium-ion battery-based energy storage system in Latin America. Designed using Fluence''s 6th generation Tech Stack, the project''s DC-coupled Sunstack™ energy storage system will allow solar energy to be stored for five hours, providing firm power well after sunset and supporting AES Gener''s Greentegra strategy.
The Andes Solar II B project is noteworthy not merely for its scale and technological sophistication (integrating DC-coupled energy storage and solar is extremely complex), but also because it represents a significant evolution in the energy storage industry - namely, using energy storage to reduce exposure to a number of market risks. The energy storage essentially provides a generator with a technology-based "insurance policy" against zero or high spike pricing events or curtailments effects, and consequently improves the amount of energy available to fulfill power purchase agreements. Furthermore, energy storage provides enough duration to ensure sufficient stored solar power is available when needed to meet system peak load hours, increasing capacity payments.
Recent policy and market developments have put pressure on renewable energy developers in Chile and are driving increased interest in energy storage. In 2014, the Chilean government created a tender mechanism that supported wind and solar developers by setting up auctions to supply power during specific "time blocks" during the day. (The winners of the 2017 auctions were all renewables projects.)
As Bloomberg New Energy Finance outlined in its2019 report on the Chilean power system, this tender design "improve[d] the competitiveness of intermittent sources such as wind and solar by allowing their developers to bid most aggressively for the blocks when they could best serve the market. Such tenders have been technology-blind, meaning renewables have competed directly with fossil sources of generation. As wind and solar costs fell, those technologies became increasingly competitive."
Renewable energy developers who won Chile''s 2017 long-term electricity auctions and now have contractual obligations with Chilean distribution companies are exposed to the spot market – competing against a steadily scaling amount of solar generating at similar times of day, with the potential to drive prices to zero or even negative territory. The ability to store and redispatch hours of solar output to peak demand times can help mitigate this risk.
Furthermore, the fact that Chile''s regulationalready includes capacity payments for long duration storage, an intraday price differential, and an ancillary services market is also driving interest in energy storage. The technology''s ability to capture multiple revenue streams -- capacity, arbitrage, and ancillary services, for example -- make energy storage a very attractive proposition in Chile.
However, battery-based energy storage is a uniquely flexible asset that offers a resource to manage transmission line investments while relieving congestion on Chile''s network. Energy storage''s ability to both absorb and discharge energy make it ideally suited to fulfill transmission functions. Deploying battery-based energy storage as a transmission asset at specific nodes reduces congestion, increases use of existing transmission lines, and lowers system operation costs, as explained in aprevious Fluence blog poston using energy storage as a "virtual transmission" asset in Chile and our white papers on "Redrawing the Network Map" and "Building Virtual Transmission."
About Chile energy storage applications
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