Chinese manufacturers of solar panels and other electrical equipment have increased their presence in Brazil to compete in the country's battery market.

Brazil is preparing to install large-scale storage systems in the coming years, both through auctions organized by the federal government and through demand from companies seeking to escape high energy prices in the early evening. It is a sector that is expected to generate tens of billions in investments. 

Absae, the association representing the energy storage industry in the country, expects around R$ 45 billion in investments by 2030 and R$ 77 billion by 2034. The impetus is the battery auction scheduled for this year by the Ministry of Mines and Energy, which alone is expected to generate R$ 13.9 billion, according to the association. 

Some details are still uncertain, but the competition to become the supplier of these batteries has already begun. On the Chinese side, companies such as the giants Sungrow, BYD, CATL, and Huawei are competing, in addition to Jinko, JA Solar, TBEA, Risen, and Pylontech. 

(Source: Bahia Notícias, on February 23)