Solar energy storage in Brazil is expected to attract R$45 billion ($7.8 billion) in investments through 2030, according to a study by New Charge. Of this total, R$14 billion would go to off-grid applications, R$16 billion to utility-scale systems and R$15 billion to commercial and industrial (C&I) applications.
The forecasts were presented by the company's CEO, Markus Vlasits, during the opening of the 360 Solar event, held on November 7 and 8 in Florianópolis, in the state of Santa Catarina.
This is a fraction of the global investment forecast for this technology, which is expected to reach $350 billion by 2030, according to a study by Bloomberg New Energy Finance (BNEF). All this growth could be even greater if the cost of lithium batteries falls more quickly. The same BNEF study, from 2022, projected that in 2023 the cost of the battery would be $214/kWh, while in reality this cost was $139/kWh. For 2032, the projection is $99/kWh.
The country currently has between 300 MW and 400 MW of battery storage. The capacity reserve auction (LRCAP) that the government is preparing for 2025 should boost large-scale projects in Brazil.
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