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Chile’s renewable energy and storage association forecasts nearly 10 GW of new capacity in the next two years, driven mainly by BESS, solar PV and wind power projects, reinforcing the country’s clean energy dominance.
The approximately €13 million senior debt package relates to the construction of the Ginosa (Puglia, 6.5 MWdc) and Bellomo (Sicily, 9.5 MWdc) solar plants. The transaction was signed with the Italian bank BPER. Together, the projects will displace an estimate of 8,500 tons of CO2 emission per year and generate enough clean electricity to power the equivalent of 10,000 Italian homes.
The regulation sets strict technical requirements for renewable projects with battery storage connected to the national grid. While experts welcome the regulatory progress, they warn that the lack of clear economic signals could weigh on investment.