Will Brazil hold a large-scale energy storage auction in 2025?

The Brazilian authorities say they plan to hold a large-scale energy storage auction in 2025, potentially creating a market for large-scale storage facilities in the country. From pv magazine Brazil

What is the market potential for energy storage in Brazil?

Daniel Lyrio: TBEA considers that Brazil’s market potential is estimated at 5 GWh for the next three years, considering that we have the auction in 2025, with an average market [battery project] value of BRL 1.5 million/kWh, the number to be invested is around BRL 7.5 billion. Which applications should lead the adoption of energy storage in Brazil?

Can photovoltaic energy be used in Brazil?

Although Brazil has excellent conditions for the generation of photovoltaic solar energy, its energy matrix is still composed of a large amount of fossil sources. There is a lack of studies on the change in GHG emissions by replacing these fossil sources with photovoltaic energy and the investment required for this change.

How much money does Brazil need to replace photovoltaic energy?

The investment required for this replacement is estimated at U$S 376,5 billion. Despite the photovoltaic energy promising type of energy for Brazil, it is still unfeasible for the country to achieve goals in Paris Agreement (0,187 GtCO2e for 2030).

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.

Will Brazil's first electricity auction drive $450m investment?

Brazil is set to conduct its first auction for adding batteries and storage systems to the national power grid, as reported by Reuters. The auction, to take place in June 2025, will include 300MW energy capacity purchase that could drive an estimated $450m in investments from winning bidders, according to consultants Oliver Wyman.