Brazil energy storage subsidy policy

Is Brazil bringing storage into the energy transition?

Brazil is taking its first steps toward its ambitions of bringing storage into the energy transition of its electricity sector.

How much money has Brazil committed to supporting different energy types?

In 2020-2021, in response to the COVID 19 pandemic, Brazil has committed at least USD 3.88 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

Does Brazil need energy storage regulations?

Specifically for Brazil, as shown in the results, there is no resolution that specifically addresses energy storage, even though some regulations currently in force may indirectly influence the adoption of ESS technologies, such as regulations for electric vehicles, differentiated hourly tariffs, among others.

Why is electricity storage important in Brazil?

Electricity storage in Brazil The rise of renewable intermittent sources and the fall of stored energy in hydropower dams raises the risks associated to power security, but it can also pave the way for new technologies such as electricity storage [ 12 ].

When will the energy storage initiative start in Brazil?

In April 2016, the Brazilian National Regulatory Authority (“ ANEEL ”) published the first draft of a three-year energy storage initiative in the context of its R&D programme for technological innovation in the power sector, which was launched in 2012. The initiative is expected to launch this year and project selection will be concluded in 2017.

Is electricity storage a legal asset in Brazil?

Nevertheless, before ANEEL can incorporate storage within the regulation of the electricity sector, defining this kind of asset will be important [ 6 ]. As in most electricity markets, electricity storage is yet to be defined under Brazil's legal framework and regulation.