BNDES and Absae organize workshop to advance Brazil's first battery storage auction (LRCAP 2026)
Type: Partnership · Technology: Storage · Country: Brazil · Announced: 2026-06-17
The Associação Brasileira de Soluções de Armazenamento de Energia (Absae) and Banco Nacional de Desenvolvimento Econômico e Social (BNDES) hosted a workshop on June 17, 2026, to clarify rules for Brazil's first battery storage auction (LRCAP 2026), scheduled for a public consultation in July 2026. The event brought together government agencies including Aneel and the Ministério de Minas e Energia, alongside manufacturers, developers, and investors to discuss regulatory frameworks and financing mechanisms. BNDES announced R$27 billion (up to R$34 billion) in financing capacity for storage projects, with the Fundo Clima offering loans at 6.5% annual interest, contingent on local content requirements. A strategic partnership was announced between Moura, Huawei, and CATL to supply localized BESS systems for LRCAP 2026, addressing content local requirements that may increase project CAPEX by 25-40%. Suppliers including WEG (2 GWh/year capacity) and Windey (1.5 GWh/year) confirmed their ability to meet demand, while developers like Atlas highlighted the need for predictable regulations and financing access to support investment decisions.
Counterparties
- WEG (Supplier)
- Associação Brasileira de Soluções de Armazenamento de Energia (Absae) (Organizer)
- Ministério de Minas e Energia (Government)
- Envision Group (Supplier)
- Agência Nacional de Energia Elétrica (Aneel) (Regulator)
- Atlas (Developer)
- BYD (Supplier)
- CATL (Supplier)
- BNDES (Organizer)
- Moura (Supplier)
- Windey (Supplier)
- Huawei (Supplier)
- Trina (Supplier)
- Ministério do Desenvolvimento, Indústria, Comércio e Serviços (MDIC) (Government)