CIP approves start of construction at Patache project in Chile

Copenhagen Infrastructure Partners (CIP), via its Growth Markets Fund II (GMF II), has announced the last announcement to proceed (FNTP) for the 300MW/1,500MW-hour Patache task successful Chile.

The authorisation allows operation to commence nether the superior proviso and operation agreements, marking a important milestone for the project.

This improvement marks CIP's 2nd large-scale artillery vigor retention strategy (BESS) successful the region, signalling its ongoing concern successful Latin American vigor infrastructure.

Patache is positioned successful an country with businesslike star resources, adjacent to existing transmission systems and concern sectors.

It is designed to store surplus star vigor generated during the time and supply energy during highest request periods.

This capableness volition trim reliance connected thermal vigor sources, alteration CO₂ emissions and facilitate the integration of large-scale star vigor into Chile's powerfulness grid.

The task is besides recognised wrong an planetary c offset programme, supporting Chile's semipermanent decarbonisation efforts.

CIP Latin America caput and managing manager Peter Halmø said: “Reaching FNTP for Patache is an important measurement for the task and for GMF II.

“It reflects the spot of the underlying fundamentals, the adjacent collaboration with our contractors and partners, and our continued assurance successful Chile arsenic a cardinal marketplace for vigor retention and grid infrastructure.

“We are arrogant to determination into the operation signifier and to lend to the transportation of a much resilient and businesslike powerfulness system.”

The concern includes a consortium of co-investors who clasp a number involvement successful the venture.

The Patache task expands connected the insights gained from CIP's Arena BESS project, a 220MW/1.1GW-hour (GWh) strategy successful Chile's Antofagasta region, which is present operational and supplying energy to the grid.

CIP spouse Ole Kjems Sørensen said: “Projects similar Patache and Arena BESS are large examples of the Growth Markets funds’ committedness and semipermanent strategy to put successful high-growth, middle-income markets specified arsenic Chile.

“By processing robust vigor infrastructure, we purpose to make worth for our investors portion supporting a cost-effective modulation to much sustainable vigor systems.”

In August 2025, CIP acquired 100% ownership of the Beehive BESS, a 1GWh task successful Arizona, US, from EDF Power Solutions North America.

"CIP approves commencement of operation astatine Patache task successful Chile" was primitively created and published by Power Technology, a GlobalData owned brand.