ATLAS RENEWABLE ENERGY AND COPEC'S ENERGY STORAGE DEAL USHERS NEW ERA FOR LATIN AMERICA'S GRID TRANSFORMATION
SANTIAGO, Chile, March 21, 2024 /PRNewswire/ -- Atlas Renewable Energy, an international leader in clean energy generation, marks a new milestone in Chile after signing a power purchase agreement (PPA) for the use of a battery energy storage system with the Chilean company COPEC, through its energy commercializer EMOAC for 15 years.
- The agreement between Atlas Renewable Energy and COPEC, through its energy commercializer, EMOAC, considers storing energy to reinject approximately 3.6 TWh of sustainable energy into the grid at peak demand times for 15 years.
- BESS del Desierto will be one of the largest energy storage projects in Chile and Latin America, with an installed capacity of 200 MW and four hours and a storage capacity of 800 MWh.
- The project will allow for the storage of energy during daylight hours and re-injection into the grid during high demand.
- "This deal marks our expansion into battery energy storage technology, establishing Atlas as an early adopter in Latin America.