Zelestra Secures Solar-Storage PPA with Chilean Gas Firm

• Zelestra powers Chile's green future with a landmark solar and storage PPA, boosting energy reliability and sustainability in Latin America.

Spanish renewables company Zelestra has finalized a long-term power purchase agreement (PPA) with a Chilean gas distributor for a new energy complex. The project will feature 220 megawatts peak (MWp) of solar photovoltaic (PV) capacity and 1 gigawatt-hour (GWh) of energy storage, marking a significant step in Chile's transition to renewable energy sources.

The agreement underscores Zelestra's commitment to expanding its footprint in Latin America and supports Chile's efforts to diversify its energy mix. The integration of solar and storage solutions aims to enhance energy reliability and sustainability, aligning with global trends towards cleaner energy production.

How will Zelestra's new PPA impact Chile's renewable energy transition?

• The PPA will contribute to Chile's goal of achieving 70% renewable energy by 2030, accelerating the country's transition away from fossil fuels.
• By integrating 220 MWp of solar PV capacity, the project will significantly increase Chile's solar energy output, helping to reduce carbon emissions.
• The inclusion of 1 GWh of energy storage will improve grid stability and reliability, addressing intermittency issues associated with solar power.
• This project will likely stimulate local job creation in the renewable energy sector, contributing to economic growth in the region.
• The PPA may encourage further investment in renewable energy infrastructure in Chile, attracting both domestic and international stakeholders.
• By diversifying its energy mix, Chile can reduce its dependency on imported fossil fuels, enhancing energy security and price stability.
• The project aligns with Chile's National Energy Policy, which emphasizes the importance of sustainable and resilient energy systems.
• The collaboration between Zelestra and the Chilean gas distributor could serve as a model for future partnerships between renewable energy companies and traditional energy providers.