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Chile is launching a new public-private partnership to accelerate its solar energy expansion, joining a wave of Latin American countries betting big on renewable power. The move could reshape the region's energy landscape while cutting costs for consumers.
Chile's new government is launching an ambitious clean energy push that could make coal power obsolete within a decade. The plan centers on massive battery storage to stabilize a grid increasingly powered by sun and wind.
Chile's Colbún just received the first batteries for a massive $200 million energy storage facility that will help the country store clean power when the sun shines and wind blows. This project marks a major step toward making renewable energy reliable around the clock. ---
Chile just started building a massive 3,000-megawatt transmission line that will unlock the country's renewable energy future. The Kimal–Lo Aguirre project connects solar and wind-rich northern regions to population centers, powering millions of homes with clean electricity.
Chile is building a massive battery storage system in the Atacama Desert to capture renewable energy that currently goes to waste. The project could power homes for six hours using stored solar and wind energy.
A Chilean transmission company just secured $700 million in green bonds to expand renewable energy infrastructure. The funding represents one of Latin America's largest green bond issues this year.