Will Brazil build 224mwh of battery energy storage capacity by 2025?

Matrix Energia has completed Brazil’s first green debentures issuance worth $18m to build 224MWh of battery energy storage capacity by 2025.

Is a battery energy storage system a green issuance?

This is the first green issuance for a battery energy storage system (BESS) project in Brazil and the second for a renewable project by Matrix Energia. The gold standard of business intelligence. Caixa Econômica Federal led the issuance, set over a six-year period. The funding was raised by Matrix Energia’s subsidiary Get Comercializadora.

Does matrix Energia have a green bond?

Brazilian certification service Attest ESG confirmed that the company’s green bond is in order with the Guide for Sustainable Bond Offerings set by ANBIMA, the country’s financial trade body. Matrix Energia claims to be the market leader for large-scale, community focused energy storage systems.

What is green hydrogen & how will it impact Brazil?

As a fuel and an industrial feedstock, green hydrogen will contribute to decarbonizing the world’s energy matrix, acting as a carrier for renewable energy and creating a USD 200 billion investment opportunity in Brazil over the next 20 years.

Is biomass a viable energy source in Brazil?

Today, biomass accounts for almost 10% of the Brazilian power matrix, compared with less than 3% of the world's matrix. However, the potential for generating electricity with biomass is more restricted due to its low competitiveness in relation to wind and solar generation.

How much does green hydrogen cost in Brazil?

Brazil is one of the most competitive places in the world to produce green hydrogen (Exhibit 4). This study shows that the levelized cost of green hydrogen (LCOH) produced in Brazil would be under USD 1.50 per kilogram of H2 in 2030. This is in line with the LCOH of the best locations in the US, Australia, Spain, and Saudi Arabia.