Technical FAQs 4

Will Chile be able to develop energy storage projects in 2024?

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, which are to be approved in 2024. Chile has also put in place an auction procedure to award public land for the development of BESS projects.

Why is Chile pursuing energy storage in Antofagasta?

Chilean president Gabriel Boric (centre) at the inauguration of an energy storage plant in the northern region of Antofagasta in April 2024. Chile has strong conditions for wind and solar energy, and is pursuing storage to help overcome intermittent supply (Image: Ximena Navarro / Dirección de Prensa, Presidencia de la República de Chile)

How many energy storage projects are in Chile?

According to a December 2023 publication on the InvestChile website, the country had 23 approved energy storage projects with a total of 3,000 MW of capacity. Chile is exploring a variety of solutions to keep abreast of the changing energy demand landscape ranging from BESS to innovative projects using CO2.

Will Chile support the energy transition?

A spokesperson for Engie Group told Dialogue Earth that Chile is seen as one of its strategic countries for supporting the energy transition, which “entails the investment of USD 1.8 billion by 2027. Our plan in Chile considers incorporating 1.4 GW to reach 2 GW of installed capacity in clean energy, including 2 GWh in storage systems”.

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Chilean energy storage new energy company turnover rate

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Aug 15, 2024 · Chilean president Gabriel Boric (centre) at the inauguration of an energy storage plant in the northern region of Antofagasta in April

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Jun 13, 2025 · The revenue scheme will provide 85% capacity payments for BESS with three storage hours and >98% for projects with four or more storage hours, under a 10-year period.

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Aug 15, 2024 · Chilean president Gabriel Boric (centre) at the inauguration of an energy storage plant in the northern region of Antofagasta in April 2024. Chile has strong conditions for wind

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The Chilean Ministry of Energy and the Ministry of National Assets unveiled a new resolution to allocate public land for energy storage projects that will start operations in 2026 and cover

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Aug 9, 2025 · The company''s FFO growth and liquidity provide a buffer against near-term volatility, while its renewable and storage bets align with Chile''s policy-driven energy transition.

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