By November 2024, Chile had 3GW of battery energy storage system projects operational, undergoing testing, or under construction, according to the latest renewable energy figures published by Acera.
A further 15 GW of various types of battery energy storage system projects were undergoing environmental assessment or had secured permits in a year which featured a record $5.7 billion invested in clean energy, 231% more than was attracted in 2023.
With clean energy accounting for 68% of Chilean electricity in 2024, Acera executive director Ana Lia Rojas said, "We are closing 2024 with a record. In November, more than 80% of the electricity consumed in the country was generated with clean energy. However, we have an environment of uncertainty that is beginning to affect investment decisions which are key for the next five years."
Rojas praised the government's decision to halt a four-year freeze on electricity tariffs, saying it was "one of the most important decisions" taken by the regime and "although it generated tensions and debate, was key to alleviating the financial burden affecting electricity generators and allowed a step towards a more balanced and sustainable system."
The nation's impressive battery energy storage system performance "positions Chile as a regional leader in technological innovation and flexibility in the electrical system, although we are waiting for the resolution of some pending provisions regarding the programming and operation of these facilities, [under decree] DS125; their participation at the level of distributed generation, DS88 and DS57; and the technical standard required at the level of the grid code NTSyCS," said the Acera director.
