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Copenhagen Infrastructure Partners progresses its first energy storage project in Chile
Investors - OCTOBER 10, 2024

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Copenhagen Infrastructure Partners progresses its first energy storage project in Chile

by Kali Persall

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (CI GMF II), has taken the final investment decision on a 220-megawatt/1,100-megawatt-hour battery energy storage system (BESS) in the Antofagasta region of northern Chile.

The project has issued final notice to proceed and will be one of the first projects of its kind to reach commercial operations in Chile.

CIP said the Arena BESS facility is strategically located in a region with world-class solar resources, adjacent to existing transmission infrastructure and energy-intensive industrial clusters. The balancing services provided by the Arena BESS project will decrease carbon dioxide emissions and enable further integration of large-scale solar energy projects into the Chilean grid system.

“We are excited to take this important step in deploying CIP’s first energy storage project in Chile, which will be one of the largest in the region,” said Ole Kjems Sørensen, partner at CIP.

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