Brasol launches BESS division in Brazil
Brasol, a company with strategic operations in energy transition and a stake in Siemens and BlackRock, announced the creation of a new division dedicated exclusively to
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).
In May 2024, the Brazilian Ministries of Development and of Science and Technology issued an ordinance to provide tax and non-tax incentives for the production of BESS in Brazil. The ordinance establishes the concept of a 'basic production process' and a points-based system for lead and lithium batteries.
A few other businesses exist in Brazil as well, such as Micropower, Aldo Solar and YouOn, for instance. The deployment of BESS can take various forms, and business initiatives may vary. To address this, the National Electric Energy Agency of Brazil (ANEEL) has identified a regulatory gap and initiated a three-phase roadmap.
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