Peru s new energy project energy storage policy

Peru’s updated Law 29971 finally recognizes energy storage as transmission infrastructure. Bureaucrats moving faster than a charging lithium-ion battery? Now we’re witnessing real magic! As Peru’s Energy Minister joked last month: “We’re not just storing electrons—we’re bottling lightning.” [pdf]

Ukraine s new energy storage policy update

DTEK has launched the largest battery storage facility in eastern Europe to bolster Ukraine's energy system ahead of expected mass Russian attacks on infrastructure this winter, the Ukrainian energy giant announced on Sept. 10. [pdf]

Chile s new energy storage ratio requirements

Between 2023 and 2030, 5.9 GW and 24.7 GWh of energy storage is forecast to be installed: • Chile’s administration considers storage strategic for the country’s goals (at least 60% of renewables by 2030, 100% by 2050). It proposed a law to allow the tender of 2 GW of BESS at a $2 billion cost. [pdf]

FAQS about Chile s new energy storage ratio requirements

Does Chile have a capacity payment system?

Since 1982, the Chilean market has recognized capacity payment for plants that contribute adequacy to the electrical system. With Law 20.936 of 2016, the existence of energy storage systems (Energy Storage Systems or SAE) and hybrid energy systems (Renewable Plants with Storage Capacity or CRCA) was recognized in the law.

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.

Will Chile achieve a 100% renewable grid by 2050?

Chile’s goal to achieve 80% renewable grid by 2030 and a 100% zero emissions grid by 2050, will require an estimated 2,000 MW of energy storage every 10 years.

How many energy storage projects are in Chile?

Currently, 36 of the 129 large-scale projects Latin America projects with an energy storage component under development are in Chile, including 32 out of 71 of the region’s early works projects. The storage technologies either in use or being considered include:

How much battery storage capacity does Chile have?

According to data from Acera, the Chilean Renewable Energy Association, there are only 64MW of battery storage capacity currently active, representing 0.2% of national capacity. AES Andes, a subsidiary of U.S. company AES Corp. operates all 64MW at their Angamos and Los Andes substations.

Will new solar assets in Chile have storage components?

New utility-scale renewable and PMGE assets in Chile (most of which are distributed solar plants smaller than 9 MW) will likely all have storage components moving forward.