TARIFFS ANALYSIS SPELLS OUT EXTENT OF CHALLENGE FOR US BESS
Summary: Exploring the BESS (Battery Energy Storage System) outdoor power supply market in South America? This article breaks down pricing trends, regional demand drivers, and cost
Latin America is entering a transformative decade in its energy landscape, driven by the urgent need to expand power output, decarbonize, lower energy costs, improve grid resilience, and integrate massive volumes of renewable energy. Battery Energy Storage Systems (BESS) have emerged as the linchpin technology to realize these objectives.
Panama made history with its 2024 tender for 500 MW of renewables plus storage, aiming for 120–150 MW of BESS deployment. This represents the first market-based approach to energy storage in Central America, potentially serving as a model for the region.
Industrial parks, data centers, shopping centers, and mines are early adopters. BESS is essential in non-interconnected zones—such as Peru's Amazon, mining throughout the Andes, and pockets of the Dominican Republic—to replace diesel, stabilize power, and enhance energy security. The demand case for BESS in Latin America is clear.
In late 2022, Chile passed an Energy Storage and Electromobility Law enabling standalone BESS to earn income from energy arbitrage and capacity reserve services.
PDF version includes complete article with source references. Suitable for printing and offline reading.
Get detailed specifications, case studies, and technical data for our PV container and energy storage solutions.
123 Renewable Energy Street
London EC1A 1BB, United Kingdom
+44 20 7127 4182
Monday - Friday: 8:00 AM - 6:00 PM GMT