Attention international renewable energy investors: Chile is on the brink of becoming an energy storage powerhouse. With nearly 5 GW of storage capacity in the pipeline and ambitious plans to eliminate coal by 2025 and achieve carbon neutrality by 2050, Chile’s commitment to renewable energy is unmistakable. The nation’s reliance on variable renewable sources like solar PV and wind energy underscores the critical role of energy storage in ensuring a stable, round-the-clock electricity supply. What’s more, Chile’s unique position as an almost energy island, with limited energy interconnections with neighboring countries, amplifies the necessity for robust energy storage solutions. 

This situation is further compounded by the existing challenges of transmission line saturation and the overproduction of solar energy in Northern Chile, making battery energy storage systems (BESS) not just an option, but a necessity for many renewable energy operators. The path forward for energy storage in Chile is clear, yet it’s not without its hurdles. The energy sector is currently navigating a complex landscape of unpaid debts dating back to 2019, a result of government interventions to protect consumers from inflation and the pandemic’s financial impacts. Additionally, the profitability energy price arbitrage through storage is now in question, as the market evolves and the differential between peak and off-peak prices narrows. 

Despite these challenges, the future of energy storage in Chile holds promising opportunities for innovation and profitability through a blend of arbitrage, capacity payments, and ancillary services. 

Join this webinar to learn more about Chile’s evolving energy storage market. 

• Understand the changing regulatory landscape that underpins the profitability of energy storage projects in Chile 
• Find out how leading energy storage companies are planning to optimize long term revenues by combining arbitrage, capacity payments and ancillary services 
• Identify opportunities to bid in upcoming auctions under the Energy Transition Law, which will see up to 2 GW of energy storage put up for auction 
• Learn how energy storage can solve Chile’s solar curtailment challenges, and what that means for storage companies’ the bottom lines 

Don’t miss this opportunity to deepen your understanding of Chile’s rapidly evolving energy storage market. This session is complimentary, but space is limited. Reserve your spot now by completing our registration form. 

Speakers: 

• Teresita Vial Villalobos, Directora Área de energía y proyectos, ACU Abogados
• Jorge Hurtado, Senior consultant, AFRY
• Carlos Márquez, Markets intelligence director, ATA Insights (Moderator)