Nicosia peru invests in energy storage

When will Peru's study on energy storage begin?

In January 2024, Peru’s energy and mining investment regulator, Osinergmin, opened a request for a proposal for a study on energy storage. Peru has no existing BESS regulation and is currently evaluating how to move forward with battery storage projects.

What makes stand-alone storage projects profitable in Chile?

Chile passed an energy storage and electromobility bill in late 2022, making stand-alone storage projects profitable for operators. To provide a view of what is to come, AMI breaks down the status and opportunities of BESS in main Latin American markets.

What are the opportunities for battery energy storage systems in Latin America?

The opportunities for battery energy storage systems (BESS) are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the BESS market.

Will Chile pay a capacity payment for energy storage projects in 2024?

Chile passed an energy storage and electromobility bill in late 2022, making stand-alone storage projects profitable for operators. The market is still awaiting new rules regarding a capacity payment for storage projects—expected in 2024.

Does Colombia have a power purchase agreement for hybrid solar & Bess projects?

As of now, hybrid solar + BESS projects are progressing in Colombia due to the reliability charge (Cargo por Confiabilidad). However, large energy companies have reported that there are no Power Purchasing Agreements (PPAs) available specifically for stand-alone storage projects, making it harder to finance those projects.

Is energy storage legal in Brazil?

Brazil’s regulatory framework does not prohibit energy storage solutions. While there are currently no specific regulations on storage, most BESS applications in Brazil are behind the meter. A proposed law on energy storage aims to encourage front-of-the-meter BESS, but Congress has not prioritized its approval.