July 3, 2026
ARAUCO signs agreement to sell forests in Chile for US$216 million
The forestry subsidiary agreed to sell eucalyptus forests located in Valdivia for more than US$216 million. Forestal Ara...
Business / Published July 19, 2024
Copec signs agreement with Transelec for 420 MWh storage project
The agreement between the subsidiary and the country’s largest electricity transmission company considers building and operating its first Battery Energy Storage System (BESS), with an energy storage capacity of 420 MWh and an injection capacity of 105 MW.
The project will be developed in Copec’s Granja Solar photovoltaic park, which has a generation capacity of 123 MWh and will be operated by Transelec, with Copec Emoac being responsible for selling the energy.
It is expected to start operating in the first quarter of 2026, transforming the farm into a Renewable Power Plant with Storage Capacity, being one of the first projects of this magnitude and type in Chile.
Copec’s CEO, Arturo Natho, said that “this innovation will optimize the use of renewable energy, ensuring a stable and continuous supply that immediately addresses the current challenges of our energy matrix. This project reaffirms our commitment to Chile, which we materialize in the constant expansion of our portfolio of energy services, allowing us to meet the needs of our customers and accompany them efficiently in their energy transition processes.”
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