The incorporation of energy storage was key to Chile’s selection of solar thermal technology in a project that has gained Clean Technology Fund (CTF) financing, Energy Storage Report
has learned. The Chilean Ministry of Energy last month announced the receipt of a US$66.12 million CTF loan
to develop a solar thermal plant in the Antofagasta region.
The technology was selected over other types of renewable energy generation because of its ability to include thermal energy storage, a source close to the CTF has confirmed.