About South America Enterprise Energy Storage Project
The new plant will have a capacity of 180 MW of solar panels and a 112 MW battery storage system, the largest in Latin America. Located 230 kilometers east of Antofagasta, in the middle of the Atacama Desert, Andes IIB features a state-of-the-art renewable energy technology.
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6 FAQs about [South America Enterprise Energy Storage Project]
What are the opportunities for battery energy storage systems in Latin America?
The opportunities for battery energy storage systems (BESS) are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the BESS market.
What makes stand-alone storage projects profitable in Chile?
Chile passed an energy storage and electromobility bill in late 2022, making stand-alone storage projects profitable for operators. To provide a view of what is to come, AMI breaks down the status and opportunities of BESS in main Latin American markets.
When will Peru's study on energy storage begin?
In January 2024, Peru’s energy and mining investment regulator, Osinergmin, opened a request for a proposal for a study on energy storage. Peru has no existing BESS regulation and is currently evaluating how to move forward with battery storage projects.
How many solar panels does Andes IIB have?
The new plant will have a capacity of 180 MW of solar panels and a 112 MW battery storage system, the largest in Latin America. Located 230 kilometers east of Antofagasta, in the middle of the Atacama Desert, Andes IIB features a state-of-the-art renewable energy technology.
Will Chile pay a capacity payment for energy storage projects in 2024?
Chile passed an energy storage and electromobility bill in late 2022, making stand-alone storage projects profitable for operators. The market is still awaiting new rules regarding a capacity payment for storage projects—expected in 2024.
Where does AES Andes operate?
AES Andes generates and sells power in Chile, Colombia and Argentina. The Company operates 5,637 MW in South America, and has a broad portfolio of renewable energy projects under development.
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