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  1. Market Data
September 2, 2021

Likana CSP Project – Thermal Energy Storage System, Chile

By Carmen

The Likana CSP Project – Thermal Energy Storage System is a 390,000kW energy storage project located in Likana,Calama, Antofagasta, Chile.

The thermal energy storage project uses molten salt as its storage technology. The project was announced in 2016 and will be commissioned in 2021.

Description

The Likana CSP Project – Thermal Energy Storage System is being developed by SolarReserve. The project is owned by SolarReserve (100%).

The key applications of the project are renewables capacity firming and renewables energy time shift.

Contractors involved

SolarReserve is the owner. SolarReserve is the developer.

Additional information

The project will be comprised of three 130 MW solar thermal towers each with 13 hours of full load energy storage, delivering 390 MW of continuous output, resulting in over 2,800 gigawatt-hours generated annually. The facility will operate at a capacity factor and availability percentage equal to that of a coal fired power plant, while providing a highly competitive price of power – and with zero emissions. Permitting for Likana is underway.

About SolarReserve

SolarReserve LLC (SolarReserve) is a developer of utility-scale solar power projects and advanced solar thermal technology that offers clean fuel and renewable energy services. The company is headquartered in United States.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

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