March 24 (Renewables Now) - Brazil launched on Thursday its first large-scale energy storage system with a total capacity of 30 MW, power sector regulator Aneel announced.
Located in the municipality of Registro, Sao Paulo state, the new system is capable of delivering 60 MWh of energy for two hours and was developed by Brazilian electric energy transmission utility ISA CTEEP (BVMF:TRPL4).
The asset has an estimated investment of around BRL 146 million (USD 27.86m/EUR 25.61m) and annual allowed revenue (RAP) of BRL 27 million. RAP is the transmission companies’ revenue approved by Aneel for the next twelve months and disclosed annually.
Aneel pointed out the system’s main purpose is to avoid interruptions in the supply of electricity, which in turn benefits around 2 million consumers on the southern coast of the state during peak times.
(BRL 1.0 = USD 0.191/EUR 0.175)