Brasilia solar supporting energy storage policy

4 FAQs about Brasilia solar supporting energy storage policy

Is there a legal framework for energy storage projects in Brazil?

In Brazil, there is no specific legal and/or regulatory framework on the matter. 5.3 What are the main sources of financing for the development of energy storage projects in your jurisdiction? Investors may count with the same sources applicable to conventional and/or renewable energy (e.g., infrastructure debentures and public banks financing). 6.

What laws regulate electricity in Brazil?

Law No. 10,848/2004, which addresses the commercialisation of electricity in national territory. Law No. 9,478/1997, which establishes the national energy policy and regulates the fuel sector. Law No. 9,427/1996, which creates the Brazilian National Agency of Electrical Energy (Agência Nacional de Energia Elétrica – “ANEEL”).

Can Brazil be a big battery storage country?

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.

Can foreigners invest in battery storage businesses in Brazil?

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).