Tomás Peruchín

Tomás Peruchín asked about the status of Enel Chile's 2025 target of $500 million for expansion projects, particularly batteries/storage, given the awaited resolution on auxiliary services. He also questioned if the resolution met expectations and if it would stimulate further storage investments.

Answer

CFO Simone Conticelli clarified that Enel Chile's plan includes approximately 600 MW of new capacity, with 450 MW related to BESS projects. He noted a delay in launching these BESS projects to the second half of the year, shifting their Commercial Operation Date (COD) from H2 2026 to 2027. Conticelli confirmed that the August 4th regulation allowing BESS participation in ancillary services was positive, stabilizing the system and reducing costs. He estimated a revenue increase of $5 million to $7 million per year for existing 2-hour BESS, making future projects more profitable.

Tomás Peruchín inquired about the $500 million target for 2025 expansion projects, particularly for batteries/storage, how this target has changed given the resolution on auxiliary services, and if the resolution is sufficient to unlock higher investment in storage.

Answer

CFO Simone Conticelli clarified that 450 MW of BESS projects, initially planned for early 2025, were launched in the second half, shifting their Commercial Operation Date (COD) to 2027. He noted that the new regulation from August 4th, allowing BESS to participate in ancillary services, is positive for system stability and profitability. While not a huge revenue increase, it's estimated to add $5 million-$7 million per year for existing 2-hour BESS, making BESS projects more profitable and supporting higher future penetration.