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Brazil could receive R$3,2 trillion in energy by 2034: did you know that 78% of this will go to oil and gas?

Written by Caio Aviz
Published 13/11/2024 às 18:18
Investment of 3,2 million in energy until 2034 in Brazil with various renewable and nuclear sources
Brazil plans to invest 3,2 million in various energy sources by 2034, including wind, solar, hydroelectric and nuclear.
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According to estimates from the Ministry of Mines and Energy (MME) in collaboration with the Energy Research Company (EPE), the energy sector in Brazil could, by 2034, attract a volume of investments close to R$3,2 trillion.

With these investments, it is expected not only to strengthen the energy infrastructure, but also to promote a significant diversification of the country's energy matrix, expanding clean and renewable sources.

Oil and gas industry: main destination for investments

To begin with, it is important to highlight that, of this significant amount, more than 78% will be allocated to oil and natural gas industry. In this way, the sector should receive approximately R$ 2,5 trillion, consolidating itself as the central pillar of the country's energy economy, thus ensuring security of supply and contributing greatly to national economic stability.

Resources for electrical sources and biofuels

In addition to oil and gas, around 18,7% of investments, or approximately R$600 billion, are expected to support the expansion of electricity sources. Therefore, the electricity sector is preparing to strengthen energy generation and transmission. Likewise, the liquid biofuels sector, responsible for 3% of the total, is expected to raise up to R$102 billion, promoting a gradual transition to cleaner sources.

Growth in energy supply

Consequently, this massive investment is expected to provide an annual increase of 3,3% in energy supply. Therefore, it is estimated that, by 2034, national energy production will reach 1.045 TWh (terawatt-hours). However, even with this advance, the per capita energy supply is expected to remain below the global average, reinforcing the importance of optimizing use and expanding access.

Diversification of the energy matrix

Another key point of this projection is the diversification of Brazil's energy matrix. Although hydroelectric power currently accounts for 55,8% of the supply, this share is expected to fall to 2034% by 46,7. This creates space for other renewable sources, which will contribute to a more diverse and sustainable matrix.

Growth potential for wind and solar

Thus, wind energy is expected to increase from 15% in 2024 to 17,2% by 2034, while solar energy is expected to expand from 3,4% to 5,8% in the same period. As a result, the national matrix will become less dependent on fossil fuels, ensuring a cleaner and more diversified energy scenario.

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Caio Aviz

I write about the offshore market, focusing on oil and gas, job vacancies, renewable energy, mining and the economy. Always seeking daily updates and relevant topics, I present rich, considerable and meaningful content.

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