A PV project developed by CIP
Image: Copenhagen Infrastructure Partners
By ESS news
Danish investment fund CIP’s Growth Markets Fund II has made a final investment decision on the Arena project, a BESS in the Antofagasta region of northern Chile. “The project has received final notification for its implementation and will be one of the first projects of this type to reach commercial operations in Chile,” the company said in a statement.
The 220 MW/1.1 GWh site is CIP’s first energy storage project in Chile.
Founded in 2012, CIP focuses on investments in energy storage, transmission and distribution; wind, solar, biomass and advanced bioenergy; energy from waste; and power-to-X. CIP has also done this in Chile the HNH projectwhich in 2022 was one of the largest in the world for the production of green hydrogen and ammonia.
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