Upcoming capacity payment and expected BESS revenues in Chile. All Chilean energy storage players, ranging from IPPs to PCS providers, are now closely awaiting the publication of the capacity market
In 2022, Chile passed an energy storage and electromobility bill, which made stand-alone storage projects profitable, but the market is still expecting new rules on capacity payment for storage projects,
Payment for renewable plants with storage capacity: Updated rules outline a method for determining the payment specifically for renewable energy plants equipped with energy storage capacities.
Supreme Decree No. 70 of 2023 (DS 70) has been recently approved, modifying Supreme Decree No. 62 (DS 62), which regulates the capacity payment, also called sufficiency power, in Chile.
The legislation was on the verge of being published in Chile''s Official Gazette as pv magazine went to press. Under the regulations, storage assets will be eligible to receive capacity payments, opening
Chile has passed new regulations around capacity market payments to energy storage, coinciding with a major project announcement from CJR and Sungrow.
• The local government sees storage as a key part of Chile''s decarbonization strategy, and the recent announcements aim to provide two separate (and predictable) main revenue streams: fixed payments for grid
This article delves into the current state of BESS in Chile, exploring its role in addressing curtailment challenges, the historical context of battery implementation, and future prospects for both
Battery storage projects cannot come soon enough for Chile. While Chile has been at the forefront of renewable energy generation growth in Latin America for close to a decade, that growth has most
Upcoming capacity payment and expected BESS revenues in
Chile has an operational installed capacity of approximately 1GW in batteries, and another 3GW is under construction. Battery storage has been largely financed by bank lending in recent years, but we
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Our modular energy storage portfolio ranges from compact lithium-ion batteries to 20ft/40ft mobile containers and outdoor all-in-one storage cabinets with IP54 protection. We are a leading energy storage equipment manufacturer, offering communication cabinets for 5G/telecom, server racks for data centers, and IP54 rated enclosures for harsh environments. Our stackable design allows flexible capacity expansion, while our grid-forming technology ensures stable off‑grid operation. Whether for remote base stations, off‑grid power systems, backup emergency power, integrated PV-storage or large zero‑carbon parks, our products feature advanced thermal management, deep discharge cycling, and compliance with European and international standards. We also provide professional energy storage system installation and after‑sales support across Europe.