Watt Capital and G2A Consultores form a partnership for renewable energy projects with battery storage systems, focusing on technical feasibility.
Watt Capital has teamed up with G2A Consultores to develop initiatives in the areas of renewable energy, integrating battery storage technologies. This agreement aims to improve the efficiency and technical feasibility of the projects, bringing significant advances to the energy sector.
New projects that use renewable energy promise a transformation in the use of renewable sources. The inclusion of battery storage systems will be essential to maximize the benefits of clean energy. This partnership paves the way for several innovative and sustainable solutions in the energy market.
Sรฃo Paulo, September 2, 2024 โ During the Intersolar South America conference, Watt Capital, which specializes in financial advisory services in the renewable energy sector, and G2A Consultores, experts in consulting for the development of renewable energy projects, announced the formation of a promising strategic partnership.
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Focus on the Viability of Renewable Energy Projects
The collaboration aims to provide comprehensive services of technical feasibility analysis, economic and regulatory for projects focused on renewable sources, integrating battery storage systems. These services are designed for projects connected to the national interconnected system (SIN) and cover both 'behind the meter' and 'front of the meter' applications. The main target audience for this collaboration includes project developers, investors and equipment suppliers, who are looking to enable and innovate business models within the renewable energy sector.
Expectations in the Renewable Energy Sector in Brazil
Mariana Galhardo, partner at G2A, expressed her enthusiasm for the prospects of new projects in Brazil: 'Projects with BESS (Battery Energy Storage Systems) open up a wide range of possible applications and bring innovative solutions to SEB (Brazilian Electrical Sector). These systems are essential to mitigate issues such as curtailment and provide essential ancillary services for the stability of the electrical grid. They also allow the price arbitrage in hourly price shift scenarios, optimizing economic and operational efficiency.'
Impacts on Distributed and Centralized Generation
In Brazil, these projects are highly promising for both the optimization of distributed generation and centralized generation, offering support to renewable sources in capacity reserve auctions. integration of battery storage systems can provide greater flexibility to the SIN and reduce operating costs. Eduardo Tobias, managing partner at Watt Capital, emphasized: 'The economic feasibility analysis of projects is crucial and must be carried out diligently to consider all the particularities and possibilities of these projects, whose business model, regulation and financing sources are still maturing.'
Additional Challenges and Tax Reforms
He also mentioned the additional challenge of evaluating these projects in the context of the tax reform approved by Constitutional Amendment 132, in December 2023, which foresees the replacement of PIS/PASEP and COFINS by CBS starting in 2027. This new regulatory scenario requires an even more detailed and strategic analysis to ensure the economic viability of renewable energy projects, especially in a market that is constantly evolving.
G2A Consultants Profile
About G2A Consultores: G2A Consultores is a company dedicated to supporting the development of new businesses in the energy market, with a specific focus on technical and regulatory aspects. We serve companies that already operate in Brazil and offer support to global companies that are evaluating the possibility of starting their activities in the country. Our commitment is to provide innovative and sustainable solutions, aligned with the specific needs of each client, ensuring regulatory compliance and operational efficiency.
Watt Capital Profile
About Watt Capital: Founded in 2020, Watt Capital is a financial advisory firm focused on investments, financing structuring, and the purchase and sale of renewable energy projects and assets in Brazil. For more information, visit www.wattcapital.com.br, email info@wattcapital.com.br or call (41) 99619-3232.
Source: WATT CAPITAL Press