Spain’s Enerside builds solar-plus-storage sites in Chile

Spanish multinational Grupo Enerside has announced it is building three solar-plus-storage parks in Chile worth more than €55 million ($56.7 million).

The projects, whose construction phase will begin in 2025, are the result of a combination of in-house development and projects acquired through a corporate transaction in 2024. The parks are described as “distributed generation” facilities and will integrate solar panels with four-hour-storage lithium batteries. Enerside did not share information about the location of the projects or their installed capacity.

Construction of the parks will be managed by Enerside, in collaboration with a specialized builder and with the support of a leading investment bank to close financing.

The operation, part of Enerside’s Impulsa plan, adds to the 13 MW of generation capacity the company has already connected in Chile during 2024. Enerside wants to consolidate as an independent power producer with the aim of installing 43 MW of hybrid solar and battery projects during 2025.

The company announced, in September 2022, it had signed a contract with China’s Trina Solar to build five 10 MW solar sites in Chile. The developer, which operates in Spain, Italy, Brazil and Chile, said it expects annual revenue of more than €8 million from those sites, once operational.

Enerside wants to develop 7.3 GW of renewables projects across the markets it operates in.

From pv magazine LatAm.