Brazil Battery Energy Storage Systems (bess) Industry Overview
In the next 12 months, the Brazil Battery Energy Storage Systems (bess) Market will create opportunities that current industry players are not yet prepared for. The
Image: A BESS project in Brazil from ISA CTEEP. The Brazilian Minister of Energy and Mining has unveiled an auction for battery energy storage projects to be held in 2025.
With well-designed policies and regulations, Brazil has significant potential to follow in the footsteps of jurisdictions like California and Chile for large-scale battery storage, Germany for distributed and large-scale storage, and Australia for both pumped hydro and large-scale battery systems.
The launch of a dedicated BESS auction in Brazil could help boost the growth of the technology in the country and further enhance the use of renewables such as solar PV and wind.
Investment, incentives and taxation scenarios According to Brazilian law, there are no legal restrictions on direct foreign investment in the battery storage businesses or in the power sector (except in very specific segments or sectors of the economy).
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