Copenhagen Infrastructure Companions (CIP), by way of its Progress Markets Fund II (GMF II), has introduced the ultimate discover to proceed (FNTP) for the 300MW/1,500MW-hour Patache undertaking in Chile.
The authorisation permits building to start beneath the first provide and building agreements, marking a major milestone for the undertaking.
This improvement marks CIP’s second large-scale battery vitality storage system (BESS) within the area, signalling its ongoing funding in Latin American vitality infrastructure.
Patache is positioned in an space with environment friendly photo voltaic sources, near current transmission methods and industrial sectors.
It’s designed to retailer surplus photo voltaic vitality generated in the course of the day and supply electrical energy throughout peak demand durations.
This functionality will cut back reliance on thermal vitality sources, lower CO₂ emissions and facilitate the mixing of large-scale photo voltaic vitality into Chile’s energy grid.
The undertaking can also be recognised inside a world carbon offset programme, supporting Chile’s long-term decarbonisation efforts.
CIP Latin America head and managing director Peter Halmø mentioned: “Reaching FNTP for Patache is a vital step for the undertaking and for GMF II.
“It displays the power of the underlying fundamentals, the shut collaboration with our contractors and companions, and our continued confidence in Chile as a key marketplace for vitality storage and grid infrastructure.
“We’re proud to maneuver into the development section and to contribute to the supply of a extra resilient and environment friendly energy system.”
The funding features a consortium of co-investors who maintain a minority curiosity within the enterprise.
The Patache undertaking expands on the insights gained from CIP’s Area BESS undertaking, a 220MW/1.1GW-hour (GWh) system in Chile’s Antofagasta area, which is now operational and supplying electrical energy to the grid.
CIP companion Ole Kjems Sørensen mentioned: “Initiatives like Patache and Area BESS are nice examples of the Progress Markets funds’ dedication and long-term technique to put money into high-growth, middle-income markets comparable to Chile.
“By growing strong vitality infrastructure, we intention to create worth for our traders whereas supporting an economical transition to extra sustainable vitality methods.”
In August 2025, CIP acquired 100% possession of the Beehive BESS, a 1GWh undertaking in Arizona, US, from EDF Energy Options North America.
“CIP approves begin of building at Patache undertaking in Chile” was initially created and printed by Energy Know-how, a GlobalData owned model.
