Mitsubishi Power secures deal for two battery energy storage system projects in Chile
Mitsubishi Power has secured a deal for two battery energy storage system (BESS) projects in Chile.
Mitsubishi Power Americas received the order from Independent Power Producer Innergex Renewable Energy. The project's co-located sites are in Chile, South America.
A total of US$128.5 million will be invested into the two BESS facilities, the company informed.
According to Innergex, Mitsubishi Power Americas will work for its Emerald storage solution and the projects are expected to come online in 2023.
A report mentioned, "Emerald is a lithium iron phosphate (LFP) based BESS product with a duration of up to six hours, although the two projects ordered will only be able to discharge for five hours."
The company informed in a press statement that the projects will be co-located with existing solar PV facilities. "The 68MW Salvador solar PV facility will add 50MW/250MWh of storage while the 50.6MW Andrés site will add 35MW/175MWh of capacity," it said.
The BESS is said to be providing grid resiliency for Chile’s transmission and distribution infrastructure.
The company stated that it will be among the first co-located solar and storage projects in Chile, as well as Innergex’s first BESS projects in Chile and Mitsubishi Power’s first in South America.
It comes at a time when the country targets 80% clean electricity by 2030 and 100% by 2050. For this, Chile will be holding a big auction for renewables and energy storage.