en.Wedoany.com Reported - Latin American renewable energy developer and independent power producer (IPP) Verano Energy has selected Sungrow to supply the PowerTitan 2.0 energy storage system for the Observatorio project in Chile. The project will deploy a 152 MW / 606 MWh battery energy storage system (BESS) with a 4-hour storage duration, accompanied by a 25-year long-term service agreement (LTSA).

The Observatorio project consists of a 135 MW photovoltaic power plant and a utility-scale energy storage system, with Sungrow SG350HX-20 inverters deployed on the PV side. The combination of solar PV and storage enables renewable energy to be stored and dispatched during periods of high demand, enhancing the stability of Chile's power system and increasing the share of renewable energy in the country's electricity mix.

Verano Energy has an expanding portfolio of renewable energy assets across Latin America. The company stated that energy storage is a key component of the strategic Observatorio project, used to maximize the value of renewable generation and address grid flexibility challenges. The company's Chief Operating Officer, Tomás Anuch, noted that the integration of the energy storage system helps unlock the potential of solar resources, provides greater flexibility to the power system, and meets renewable energy integration requirements; with Sungrow as a technology partner, the company is confident that the project will achieve high standards of performance and reliability.

In addition to the BESS equipment, Sungrow will also ensure the operational availability, performance, and reliability of the system throughout its entire lifecycle through the 25-year long-term service agreement. Gonzalo Feito, Regional Director of Sungrow in Latin America, stated that this agreement reinforces the company's commitment to developing high-performance energy infrastructure and accelerating Chile's energy transition.

This order highlights the increasingly important role of energy storage technology in Chile's power system. Chile is one of the most active markets for BESS project development in Latin America, where large-scale energy storage can optimize solar generation, reduce curtailment, and provide flexibility for grid operations. The two companies stated that this collaboration will advance next-generation energy infrastructure and contribute to the reliability of Chile's power grid.

Verano Energy is an international holding company composed of three integrated divisions, covering energy development, financing and commercialization, as well as the construction, operation, management, and maintenance of renewable energy projects. The company has designed and built more than 60 solar power plants across Latin America, developed over 800 MWp of installed PV capacity and 600 MWh of BESS storage systems, and raised more than USD 800 million in financing.

Sungrow has operated in the renewable energy power electronics field for over 29 years. As of December 2025, its global installed power electronic converters exceed 1000 GW, and it has been ranked by BloombergNEF as one of the world's most bankable PV inverter and energy storage companies. Since commencing operations in Latin America in 2017, Sungrow has participated in the deployment of over 25 GW of solar projects and 11.5 GWh of energy storage systems in the region, providing lifecycle technical support through 520 service outlets.