As a region, Latin America is already leading the way in terms of offering bright prospects for the future of renewable energy and a cleaner electricity system, with renewables powering around 60% of the region’s electricity networks, led by hydropower. The abundance of natural resources and diverse terrain on offer in varying markets already constitutes a bonus for stakeholders in Latin American countries, so how can governments, policymakers, and industry leaders ensure this translates into a wider renewable mix for all countries along with opening up opportunities for energy storage?
Regulation is the key next step to a thriving and profitable energy market, where stable framework exists and can be seen to encourage deployment of renewable energy sources. Chile has been on a long, complex journey and many learnings can be taken from its trajectory.
• What is missing in leading countries like Chile in terms of the necessary regulatory framework to help drive the business case and buildout for energy storage?
• What should the industry expect in the short term in terms of technical regulation for energy storage?
With many waiting patiently for the update on Decree DS62 which will allow capacity payments for energy storage in Chile and is expected to spur on deployment, there is one question on many players’ minds: how can developers ensure that future storage projects are bankable?
What needs to happen to ensure traditional banks are comfortable with lending capital for an energy storage project in Latin America?
How do you build a capital stack for these types of assets in Chile?
How owners and operators can guarantee new revenue streams for storage assets in Chile and beyond
The other side of the bankability coin is financing storage projects, and how easy it is to do this. What does the current landscape for energy storage look like in Latin American countries, and how willing are investors to put their money where their mouth is?
Aside from Chile, what other markets are attractive for investors?
Pricing dynamics in different markets and how they are helping propel storage forward
Technology choices and their role in making projects more appetising
What is on the horizon for M&A, and when should we expect to see this start to happen?
What does the appetite from infrastructure investors look like in Latin America?
What is the need for PPAs for storage, and how do experts see this path playing out? What is the background for PPAs so far in the country and what needs to change?
The opportunity of PPAs for standalone storage – what will these look like in the future and how will they be negotiated?
What is the necessary trajectory for DisCo PPAs and how do we ensure they are successful for smaller players?
Renewable energy tenders are a signal to the market that there is both demand and the need for clean power, and more and more we are seeing these tenders mandating energy storage, or markets implementing storage-led auctions. This session will provide insights on what has happened so far in countries such as Chile, Brazil, Colombia, Panama and the Dominican Republic, as well as what might be next.
The Dominican Republic’s 2023 decree that mandates a requirement for projects above 50MW to include a storage component has put the island on the map, and Puerto Rico needs storage to avoid rolling blackouts. This panel will address commonalities of some of the Caribbean Islands, and what challenges need to be overcome in these markets to aid growth of storage.
Increasing resiliency – the role of storage in the DR, Puerto Rico and Jamaica
How will energy storage in the Dominican Republic be compensated and how can you make money outside of arbitrage?
With regulatory initiatives already in place and various different angles for storage, what needs to happen next in these markets?
In a world of profit margins and getting the most value from your asset, integrating software into your battery energy storage systems can greatly enhance its performance. Hear what software providers and optimizers can do for you in this presentation.
The situation in Peru differs to other countries in that curtailment is not an issue at this stage, and no real regulation exists for BESS yet. However, an unexpected spike in marginal pricing in the power system last year constitutes food for thought for stakeholders and the potential for more energy storage.
What are developers and system integrators finding when deploying storage in this market?
What is the landscape for ancillary services and making money from storage projects in Peru?
Does Peru need to implement regulation to help move the market forward?
As Chile continues its upward trajectory to becoming a leading energy storage market globally, find out how owners and operators are planning to harness a lucrative combination of arbitrage, capacity payments and ancillary services.
How can owners and operators access arbitrage revenue streams in the merchant market?
How do we get to the point of having a full arbitrage market in Chile?
The Brazilian government has confirmed that they will include batteries in their power reserve auction from 2024 onwards, but there is continued lack of regulation for standalone storage assets in the country.
How can the market encourage growth in the front-of-meter sector in Brazil and what needs to happen at the regulatory level to achieve this?
The outcome of the capacity market auction and potential paths for energy storage
What is the expansion of technology that will be needed in the future for Latin America? This panel will talk about technology that is market ready in Chile, and will help the country reach its renewable energy and storage goals.
This interactive networking session will be led by influential women in the energy sector with a focus on what women in the sector can do to increase equality and what women are already doing to help drive forward the transition in Latin America.
What will it take for Chile to reach its renewable energy goals? Is the 2000MW energy storage tender enough of a driver, and with costs increasing in the transmission system who will pick up these overheads? Join us for one of the biggest debates in Chile at the moment, with experienced industry stakeholders telling us what they really think.
The Future Grids Alliance is an IFC-led initiative designed to support emerging market utilities and ensure universal access to energy. What new and innovative financial products are available for energy storage, and how can you access them?
One of the biggest issues for developers in Latin America is the bankability and financing piece for energy storage. What are the other big issues for developers in Latin America?
How are smaller developers pushing the envelope for energy storage deployment in Chile?
How to attract and retain capital from infrastructure investors in Latin America
What is the biggest challenge with moving from the ‘pure-play developer’ model to an IPP model, where opportunities for remuneration are more lucrative?
How developers can take the next step to becoming an IPP and getting access to more revenue streams for projects?
What is the role of storage in the national electricity systems of Chile, Peru, Colombia, Brazil and others? How will more batteries equate to a more stable, resilient and reliable energy network, as well as driving forward the already well-established energy transition in Latin America?
How storage can help address spiralling curtailment issues across Chile as it increases year on year
What advances and support can storage offer transmission systems already under pressure in the region?
What is the landscape and opportunity for long-duration energy storage in Latin America? What success stories for LDES technologies have already emerged in the region? We will examine cases for different technologies including thermal storage, iron-flow, and liquid air.
LFP batteries have been the flagship of energy storage projects in Chile for some time and continue to dominate the chemistry landscape. But what else is in the pipeline and what do you need to know if you are considering implementing them?
What are the new battery chemistries that could replace LFP in the future, and what characteristics make them interesting?
The safety and round-trip efficiency of chemistries such as sodium-ion
This closing panel will discuss key opportunities in Latin America’s behind-the-meter energy storage market, with frontrunners including Mexico and some of the Caribbean market players.
Without the need for huge regulatory shifts in the same way as the front of the meter storage market, how can these opportunities best be accessed?
For island nations where storage is necessary for the resiliency piece, what types of projects are being built now?
What learnings can be taken and implemented by other markets?
Meet with investors and developers directly in this structured roundtable session. We will begin with quick-fire pitches from each investor on investment opportunities and partnerships they are currently seeking, and where. The audience will then split into smaller roundtable discussion groups where investors and developers can discuss business one to one. Each round table will be hosted by an investor and developers will move around the room. Registration is only available to developers and investors.