Chile is transforming in a bid to avoid becoming a victim of its own solar success. Developers have flooded the Atacama Desert with solar projects, turning Chile into a PV powerhouse but also drastically reducing revenues and driving some operators into bankruptcy. S&P Global Energy’s Ángel Cancino sees the country increasingly focusing on energy storage to rescue some of its overbuilt PV capacity.
By Angel Cancino
21 Aug 2026
Major installations such as Grenergy’s Oasis de Atacama project show the scale of renewables investment in Chile.
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