Deals Counterparts

METLEN Reinforces Its Leadership in Chile's RES Market with Three New EPC Storage Contracts

Development Storage announced Chile Mar 5, 2025

METLEN Energy & Metals secured three new EPC contracts valued at ~$350 million for grid-scale Battery Energy Storage Systems (BESS) totaling 300 MW / 1.2.

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Deal Analysis

METLEN Energy & Metals has committed approximately $350 million to expand its grid-scale Battery Energy Storage Systems (BESS) portfolio in Chile, securing three new EPC contracts internally. Announced on March 5, 2025, these projects will add a total of 300 MW / 1.2 GWh of storage capacity to the Chilean grid. This internal development and execution strategy allows METLEN to directly control the deployment of critical infrastructure supporting its "Energy" business sector. The substantial 1.2 GWh capacity across these projects confirms METLEN's focus on large-scale grid stabilization and renewable energy integration within Chile. By acting as both developer and EPC, METLEN aims to accelerate its market penetration and operational control in the region. As a global industrial and energy company, METLEN Energy & Metals leverages its integrated structure by self-awarding these three BESS EPC contracts in Chile. The company's strategic positioning at the forefront of the energy transition directly motivates these substantial investments in its "Energy" business sector. This internal capital deployment for 300 MW / 1.2 GWh of BESS capacity directly contributes to METLEN's stated goal of reinforcing its leadership in Chile's renewable energy market. The ~$350 million commitment to these grid-scale systems in Chile aligns with METLEN's broader mandate to develop and operate energy infrastructure.
  • METLEN Energy & Metals secured ~$350 million in EPC contracts.
  • The contracts are for 300 MW / 1.2 GWh of BESS capacity.
  • METLEN acts as both developer and EPC contractor for these projects in Chile.
  • The deal was announced on March 5, 2025.
  • Three new grid-scale BESS projects are involved.

Timeline

Announced
Mar 5, 2025
Signed
Closed

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