
Independent power producer (IPP) Grenergy has signed a 1TWh night-time power purchase agreement (PPA) for its 3.5GWh Elena BESS project in Chile.
Announced 30 June, the PPA provides for the supply of 1TWh annually over a 15-year period for the battery energy storage system (BESS) project and is scheduled to begin between July and October of this year.
The Elena BESS currently has a 3.5GWh capacity but there are plans to expand the project to 7GWh.
Elena is part of Grenergy’s Oasis de Atacama complex, which co-locates BESS and solar PV generation at multi-gigawatt and multi-gigawatt-hour scale.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or continue reading this article for free
The PPA coincides with the recent inauguration of the project, which is located in the Antofagasta region of Chile. A ceremony was led by President of Chile, José Antonio Kast Rist, and attended by national and regional authorities, including Minister of Energy Ximena Rincón and Minister of Science, Technology, Knowledge and Innovation Ximena Lincolao.
At that time, Grenergy stated the platform would ultimately include 2.1GW of solar capacity paired with 14GWh of battery storage, enabling stored renewable energy to be dispatched over extended periods and enhancing grid flexibility.
Notably, Grenergy claimed the PPA as the largest in terms of volume it has signed to date, and Elena as the largest battery plant in the Americas. The project is made up of 624 battery containers and 6,240 battery units.
The 3.5GWh capacity is larger than the BESS portion of the 2024 Edwards & Sanborn solar-plus-storage project in California, which features 3,287MWh of BESS capacity.
In May, IPP ContourGlobal put the Victor Jara project in Tarapacá, Chile into commercial operation, the project combines 231MW of solar PV with a 200MW/1.3GWh BESS. It was acquired from Grenergy, with two other projects, Quillagua 1 and Quillagua 2, which made up the first three phases of the Oasis de Atacama complex.
Our publisher Solar Media, part of Informa Connect, will host the Energy Storage Summit Latin America 2026 on 27-28 October, 2026, in Santiago Chile. Use our discount code ESN20 for 20% off tickets.
You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.
Launching September 2026 in Berlin, Energy Storage Summit Germany is a new standalone event dedicated to Germany’s energy storage market. Bringing together investors, developers, policymakers, TSOs, manufacturers and optimisation specialists, the Summit explores the regulatory shifts, revenue models, financing strategies and technology innovations shaping large-scale deployment. With Germany targeting 80% renewables by 2030, it offers a focused platform to connect with the decision-makers driving the Energiewende and the future of utility-scale storage.
The Energy Storage Summit Central Eastern Europe is set to return in September 2025 for its third edition, focusing on regional markets and the unique opportunities they present. This event will bring together key stakeholders from across the region to explore the latest trends in energy storage, with a focus on the increasing integration of energy storage into regional grids, evolving government policies, and the growing need for energy security.
Energy Storage Summit Latin America brings together developers, investors, utilities and policymakers to explore how storage is advancing system stability, regulation, deployment and new revenue models across the region. With insights from Chile, Argentina, Brazil, Mexico and beyond, the Summit focuses on financing, policy clarity, hybridisation, supply chain development and project optimisation as LATAM accelerates its storage buildout.
Read Next
French independent power producer (IPP) Neoen has been awarded a 20-year capacity services contract for its 200MW/1,600MWh energy storage project in Ontario.
The rising costs of coal and gas mean that the adoption of renewable energy is a “survival issue” for countries in Southeast Asia, and energy storage is critical to the transition.
Wärtsilä has brought the 150MW/300MWh Bungama BESS online in South Australia, for owner and operator Revera Energy.
Samsung C&T Renewable Energy Australia has submitted the 600MWh Comet Park BESS for federal environmental assessment under the EPBC Act.