Chile’s solar powerhouse pivots toward storage as PV revenues fall

pv magazine reports that Chile is shifting focus toward storage after years of rapid PV development in the Atacama Desert reduced daytime power revenues and strained some solar operators. S&P Global Energy’s Angel Cancino argues the country is increasingly looking to storage to rescue value from overbuilt solar capacity. The shift is relevant beyond Chile because it shows how high-solar grids need storage, flexible demand and market design to avoid curtailment and price cannibalization.