Brazil’s Minister of Mines and Energy, Alexandre Silveira, met with leading Chinese energy companies on Friday, 24 October, as part of the Government’s visit to the 47th ASEAN Summit in Malaysia.
The meetings, which also include visits to Indonesia and Malaysia, aimed to attract international investment for Brazil’s first battery auction, expected to take place later this year.
In a statement on its official LinkedIn page, the Ministry of Mines and Energy said that Alexandre Silveira participated in a meeting with the Association of Southeast Asian Nations (ASEAN), of which Brazil is working to become a member.
According to Silveira, the auction will mark “a new cycle of modernisation and innovation in the Brazilian electricity sector.”
The event is hoped to enable the contracting of BESS that enhances the reliability of the National Interconnected System (SIN), supports greater integration of renewable sources such as solar and wind.
“We are preparing Brazil’s first battery auction, which will be crucial to ensuring the stability and efficiency of our electrical system,” said Silveira. “This is a historic step toward an even cleaner, safer, and more innovative energy matrix.”
During the meetings, companies including Huawei Digital Power, BYD, CATL, Envision, Sungrow, HyperStrong, and Hithium Energy Storage presented solutions and cooperation models focused on large-scale batteries and smart grids.
Silveira confirmed that the auction will take place under the Capacity Reserve Auction (LRCAP) framework, which guarantees available electrical power for the national system. This year’s edition will introduce a specific product for energy storage systems.
“Attracting investment to the battery auction is strategic for the future of the sector,” Silveira added. “We are paving the way for a new technological frontier that will bring innovation, jobs, and greater energy security to the country.”
The initiative underscores Brazil’s goal of drawing sustainable, high-value investments while advancing a fair and inclusive energy transition. It also aligns with efforts to strengthen Brazil’s position as a global renewable energy leader ahead of hosting COP30 in 2025.
[Image credit: Brazil’s Ministry of Mines and Energy (MME)]
