Innergex Renewable Energy Inc. a leader in the renewable energy sector, has completed the commissioning of its 35 MW/175 MWh energy storage facility in San Andrés. Located in Chile’s Atacama Desert, this project, the second largest in the company’s storage portfolio, was completed on budget.
Michel Letellier, CEO of Innergex, said, “We are very proud of our growing energy storage portfolio in Chile, as it will contribute significantly to meeting the growing demand for 24/7 renewable energy generation.”
Optimizing production and revenues
The San Andrés storage station stores excess solar energy produced during the day for redistribution during periods of high demand, particularly in the evenings and mornings. This strategy avoids daytime congestion, supports the power grid during peak demand and optimizes returns on investment. Innergex expects the facility to generate annual revenues of between US$6 and US$8 million, with operating and administrative costs estimated at US$0.4 million for the first year of operation.
Economic and ecological impact
The San Andrés project draws on the exceptional solar potential of the Atacama region to maximize energy efficiency. By storing and redistributing solar energy, Innergex helps to stabilize the Chilean power grid while increasing the profitability of its projects. This initiative is part of Innergex’s global strategy to develop clean, sustainable energy solutions that meet the growing needs of the global energy market.
Future prospects
The success of the San Andrés station illustrates the importance of energy storage for the future of renewable energies. Innergex is actively exploring new opportunities to develop integrated renewable energy storage and production projects in its main markets. The company is convinced that these innovative technologies will play a key role in the global energy transition.
The commissioning of the San Andrés energy storage station marks an important milestone for Innergex in the development of sustainable energy solutions. By optimizing solar production and efficiently managing energy storage, Innergex is strengthening its leading position in the renewable energy sector and making a significant contribution to Chile’s energy transition.
