Chile announces $2 billion tender mechanism for energy storage
- Admin
- Apr 26, 2024
- 1 min read
The president of Chile, Gabriel Boric, announced the government's plan to introduce a bill for establishing a tender mechanism for large-scale energy storage facilities. This initiative aims to maximize the use of renewable energy in northern Chile. The energy minister, Diego Pardow, highlighted the importance of enhancing flexibility in the electrical system and targets to have these storage systems operational by the end of 2026, with an estimated total investment of $2 billion. The planned energy storage projects will be located in the northern part of the country, home to most solar and renewable energy power plants.
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