The project, developed by Sojitz Corporation and Shikoku Electric Power Co. through their subsidiary AustrianSolar Chile Cuatro SpA (“ASC4”), is set to commence construction in the first quarter of 2025. . Zelestra will develop a 220 MWp of solar Photovoltaic and 1 GWh of energy storage capacity in Chile. Solar and storage projects are crucial in Chile's decarbonization goals for enhanced security, grid stability, and efficient distribution. Ensuring projects are paid for injecting power into the grid during peak periods has supported growth, and ambitious battery energy. . The Chilean government has laid out a clear vision for renewable energy in its “Energy Roadmap 2050. ” All renewable energy projects, including utility-scale solar power plants, are eligible for tax exemptions until 2035, with solar PV projects receiving up to 15 years of tax relief. Meanwhile, new capacity mechanism. . e-STORAGE has secured a turnkey EPC contract to supply a 98 MW/312 MWh DC Battery Energy Storage System (BESS) to the Huatacondo project in Chile.
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