Energy storage key to Chile solar project

The incorporation of energy storage was key to Chile’s selection of solar thermal technology in a project that has gained Clean Technology Fund (CTF) financing, Energy Storage Report has learned. The Chilean Ministry of Energy last month announced the receipt of a US$66.12 million CTF loan to develop a solar thermal plant in the Antofagasta region.

The technology was selected over other types of renewable energy generation because of its ability to include thermal energy storage, a source close to the CTF has confirmed.

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