Solar powerhouse to storage leader

AI Summary

Chile is transitioning from being a major solar power producer to focusing on energy storage to mitigate overcapacity. The proliferation of solar projects in the Atacama Desert has put some operators at financial risk, prompting strategic shifts toward storage solutions.

Chile is transforming in a bid to avoid becoming a victim of its own solar success. Developers have flooded the Atacama Desert with solar projects, turning Chile into a PV powerhouse but also drastically reducing revenues and driving some operators into bankruptcy. S&P Global Energy’s Ángel Cancino sees the country increasingly focusing on energy storage to rescue some of its overbuilt PV capacity. The post Solar powerhouse to storage leader appeared first on pv magazine Global.