Chile''s Solar Power Inverter Market Trends and Potential
This article analyzes Chile''s electricity status, structure, electricity prices, and solar energy development trends. Combined with local market energy needs, this article explores inverter
This project alone nears the capacity (13GWh) the Chilean Ministry of Energy sought in a public land bidding auction for standalone energy storage projects in May of 2024. Chile has been one of the countries at the forefront of the renewable energy transition in Latin America, first with solar PV and now with BESS.
Image: Grenergy Grid constraints have prevented Chile from maximising the potential of its world-class solar resources. Energy storage has, therefore, become a necessity to ensure the financial viability of PV projects, writes Jonathan Tourino Jacobo.
Having energy storage in Chile is no longer a luxury asset but has become an “absolute necessity”, explains Alejandro McDonough, business development manager of Americas area sales at Wärtsilä Energy Storage and Optimisation (Wärtsilä ES&O).
Appetite for large co-located projects is already present in Chile's nascent market, notably Oasis de Atacama, one of the largest BESS projects being built globally, located in the Atacama region.
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