Colombia''s national mining and energy planning unit UPME last week finalised the tender process for the full delivery of a 45-MW battery energy storage system (BESS), awarding the project to the Colombian affiliate of Canadian Solar Inc (NASDAQ:CSIQ).
Canadian Solar announced its award yesterday. It said the Latin American nation''s government has granted a 15-year revenue structure, indexed to Colombia''s inflation or producer price index. The project is expected to reach commercial operation by June of 2023.
Colombia''''s national mining and energy planning unit UPME last week finalised the tender process for the full delivery of a 45-MW battery energy storage system (BESS),
Further updates are expected in the next few weeks, with UPME posting information on its website here and the national energy and gas regulator CREG setting maximum tariff levels.
Located in the city of Barranquilla in northern Colombia, this project will consist of a 45 MWh lithium-ion battery energy storage system and is expected to reach commercial operation by June 2023.
A total 1.67GW of projects won contracts, including 32 battery energy storage system (BESS) totalling 1.1GW and three pumped hydro energy storage (PHES) projects totalling 577MW.
In January, the government launched a bidding process for Colombia''s first grid-scale energy storage project as part of broader efforts to reinforce electricity supply on the Caribbean coast.
Further updates are expected in the next few weeks, with UPME posting information on its website here and the national energy and gas regulator CREG setting maximum tariff levels.
Compass Energy Storage LLC proposes to construct, own, and operate an approximately 250-megawatt (MW) battery energy storage system (BESS) in the City of San Juan Capistrano.
The objective of the Energy Storage System Feasibility Study is to support the deployment of battery energy storage systems at solar power plants in Colombia. The U.S. firm selected will be paid in U.S. dollars from a $676,728 grant to the Grantee from the U.S. Trade and Development Agency ("USTDA").
