DNV has aided Atlas Renewable Energy in securing $289 million in financing for its inaugural standalone Battery Energy Storage System (BESS) project in Chile. This funding, supported by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will facilitate the development of the Battery Energy Storage System del Desierto, which boasts an 800 MWh capacity. The project aims to enhance the stability of Chile’s energy grid and mitigate renewable energy curtailment, contributing an estimated 280 GWh of electricity annually. DNV's role included conducting market due diligence and risk assessments, which were instrumental in attracting investment from global financial institutions.

Chile is emerging as a leader in Latin America's green energy transition, capitalizing on the Atacama Desert's exceptional solar potential. With wind and solar energy now meeting approximately 33% of the country's electricity demand, the focus is on developing additional energy storage solutions to address the intermittency of renewable sources. This strategic shift not only supports Chile's goal of carbon neutrality by 2050 but also positions the country to export solar technologies and storage systems by 2035.

https://brazilenergyinsight.com/2024/10/16/dnv-supports-atlas-renewable-energy-in-securing-289m-for-800-mwh-bess-project-in-chile/


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6 w
It's about time that we did embrace green energy and make sure that we all fully transit to using green energy.
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6 w
Dear walter lungayi Your climate love has received over 50 agrees! We have reached out to DNV by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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6 w
A significant step towards improving grid reliability and reducing carbon emissions in a region that heavily relies on intermittent renewable energy sources.
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6 w
DNV's support for Atlas Renewable Energy's BESS project in Chile is a pivotal step towards enhancing the country's renewable energy infrastructure
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6 w
Chile is not only enhancing its energy grid but also paving the way for a future powered by renewables.. quite impressive
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6 w
When support is given in actions form is definitely an intentional support...Thumbs up..
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6 w
Quite encouraging step by them ,,,,,a good example to be emulated đź’Żđź’Żđź’Ż
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6 w
impressive,
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6 w
Impressive milestone for renewable energy in Chile!
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6 w
This is the way to go .. moving towards and supporting green energy is what we all should focus on.
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This is exemplary work by DNV
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This is fantastic! Together let's support renewable energy.đź’š