Will Brazil conduct the first energy storage auction?

Brazil is set to conduct the country's first-ever energy storage auction for adding batteries and storage systems to the national power grid.

How are grid connection queues transforming Brazil's energy industry?

Grid connection queues in Brazil are offering new opportunities for energy storage and hybrid systems and opening new energy business models. Renewable energy companies are adding solar and batteries to their utility-scale wind power sites to use existing power transmission capacity.

What is the largest source of electricity in Brazil in 2024?

In 2024, solar power, when including distributed generation, became the second largest source of electricity in Brazil, surpassing wind power, and reaching almost 50 GW. Utility scale solar energy in Brazil reached 16.4 GW, while distributed generation from solar accounted for 34 GW in 2024.

How big is Brazil's electricity sector?

Investment in the Brazilian electricity sector is expected to reach over $100 billion by 2029, including utility-scale generation, distributed generation, transmission, and distribution projects. Brazil’s electricity matrix is one of the cleanest in the world and Brazil is committed to continuing its support for renewable energy projects.

Why do we need thermal power plants in Brazil?

Considering the relevance of hydropower and the growth of solar and wind in Brazil, thermal power plants have been essential during periods of critical hydrological conditions such as droughts.

Will Brazil's energy auction improve power grid reliability?

Interest in the auction has been expressed by power companies such as Portugal’s EDP and Brazil’s ISA Energia. The auction will enhance Brazil’s power grid reliability by integrating energy storage solutions for electricity generated from renewable sources such as wind and solar. US Tariffs are shifting - will you react or anticipate?