THE AGREEMENT BETWEEN ATLAS RENEWABLE ENERGY AND COPEC FOR ENERGY STORAGE USES A NEW ERA FOR GRID TRANSITION IN LATIN AMERICA

2024-03-22 12:46:14

SANTIAGO, Chile, March 22, 2024 /PRNewswire/ — BESS del Desierto will be among the largest storage contracts in Chile and will be the first large-scale independent standalone battery storage system (BESS) with a storage capacity of 200 MW per hour.

The agreement between Atlas Renewable Energy and COPEC, through its energy marketer EMOAC, provides for the storage of energy to supply approximately 3.6 TWh of sustainable energy to the grid at peak demand over a period of 15 years.

Atlas Renewable Energy, an international leader in clean energy generation, sets a new milestone in Chile after signing a 15-year power purchase agreement (PPA) for the use of a battery storage system with Chilean company COPEC through its energy marketer EMOAC.

BESS del Desierto will be one of the largest energy storage projects in Chile and Latin America, with an installed capacity of 200 MW and four hours and a storage capacity of 800 MWh. The project allows energy to be stored during the day and fed back into the grid when demand is high. The battery system will be installed next to Atlas’ Sol del Desierto solar power plant, located in the municipality of Maria Elena in the Antofagasta region.

Under this agreement, BESS del Desierto will contribute approximately 280 GWh annually to the grid, reducing the limitation of daytime solar energy generated from renewable energy sources and increasing the stability and reliability of electricity supply in the region and the country. The project will have a storage capacity comparable to that of 2,500 electric public transport buses, equivalent to a mileage of 500,000 km for these buses.

The BESS del Desierto is used as a standalone battery. This means that it is an independent and autonomous solution for storing electrical energy, allowing the accumulation of the energy produced in times of greater energy supply, thus contributing to an efficient, continuous and reliable supply.

“This deal marks our expansion into battery storage technology and establishes Atlas as one of the first players in Latin America. It shows our commitment to innovative energy solutions and strengthens our position as a leading provider of sustainable technologies for the energy transition in the region. The BESS del Desierto project is an important part of our strategy to improve energy reliability in the region through the advanced use of solar resources and to offer our customers tailored energy solutions,” said Carlos Barrera, Managing Director of Atlas Renewable Energy.

“This agreement aims to address a fundamental problem at the national level, namely the improper disposal of NCRE. Our approach revolves around innovation, adaptation and the integration of technology. We firmly believe that this represents a significant solution to the existing challenges within the system and marks another crucial step towards our commitment to the energy transition,” said Vannia Toro, Director General of EMOAC.

In just a few years, Atlas Renewable Energy has developed projects in the region with a clear focus on the long term, both with its commercial partners and at the level of supply to regulated customers. The company has contracted an installed capacity of 5,243 MW of renewable energy, contributing to the region’s energy transition towards cleaner energy sources, and it has now pioneered the implementation and use of battery storage systems in Chile, having secured two of the largest contracts in the country and in Latin America with this technology. The company expects further consolidation and expansion into other regions with innovative and sustainable energy projects.

About Atlas Renewable Energy

Atlas Renewable Energy is an international renewable energy generation company with approximately 5.6 GW of renewable energy assets, of which 2.7 GW are in operation. Since the beginning of 2017, Atlas has specialized in the development, financing, construction and operation of renewable energy projects. The company has an experienced team with in-depth knowledge of the global electricity market and renewable energy, with the longest track record in the renewable energy industry in Ibero-America.

The company’s strategy is focused on helping large companies transition to clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction and operation of large-scale projects, as well as its extensive and long-standing track record in ESG and sustainable development.

Information about EMOAC

Since 2012, EMOAC has been a national leader in the field of integral energy intelligence, providing its customers with services in the field of energy marketing and consulting on energy projects, as well as monitoring and supply management technologies that enable the digitalization of the value chain for its customers. In 2020, EMOAC became a COPEC 100% renewable energy dealer, reinforcing its commitment to sustainability. In 2023, EMOAC became the marketer with the most energy withdrawals registered in the system and with the largest number of free customers certified by the National Electricity Coordinator to use 100% clean energy, reaffirming its commitment to efficiency and sustainability.

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