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Company from China announced its plans to make billionaire investments in Brazil, in the renewable energy segment. Aporte estimates to generate new jobs and income for the Brazilian market.
Geraldo Alckmin, vice-president and minister of Development, Industry, Commerce and Services, and Lyu Ze Xiang, president of Energy China International, met last Saturday (29) in São Paulo. The state-owned company, controlled by the government of Xi Jinping, plans to invest US$ 10 billion (the equivalent of R$ 50 billion) in renewable energy generation in Brazil in the coming years.
Investments in renewable energy will be destined to the wind market
According to the president of the Chinese company, the investments, which should generate several jobs in Brazil, will be centralized especially for the wind power, transmission, fertilizers and green hydrogen production.
Alckmin points out that he received the president of Energy China, Lyu Ze Xiang, to discuss investment opportunities in renewable energy in Brazil, since it has a blessed climate and territory, while the Energy China has capital and technology.
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According to the vice president, together it will be possible to advance in the production of renewable energy and fertilizers. Zexiange was also in a meeting with the Minister of Mines and Energy, Alexandre Silveira, last Thursday (27). Soon after, the investment value was released by the ministry, which did not clarify, however, whether the company from China plans to invest in new projects or projects that are already in operation.
Without going into details, Alexandre states that, during the meeting, the company's confidence in Brazil as a destination for a significant part of the investments planned for the electricity sector was highlighted, especially in renewable energy generation and hydrogen, as mentioned earlier.
The minister points out that the country has received the biggest investors in this sector and has demonstrated the government's focus on consolidating regulatory stability, a favorable environment for investments, legal security and is extremely confident about the storehouse of sustainable energy that the country will become in the following years, generating employment and social return for Brazilians.
Chinese companies prioritize buying operating companies
According to the ministry, the Chinese company has committed to consolidating exchanges with the ministry. Silveira chose Thiago Barral, Secretary of Energy Planning and Transition, as the focal point for monitoring investment proposals. As previously mentioned, it has not yet been revealed whether the Chinese company plans to invest in new projects (greenfield) or those already in operation.
The Chinese have marked their presence in the national market, giving priority to the acquisition of operating companies through direct investment, which makes it possible to generate flows immediately.
The announcement comes a few weeks after the visit of Luiz Inácio Lula da Silva (PT) to China. During the meeting, some agreements in the renewable energy sector were closed. The meetings held in the last week have no connection with the trip.
Federal Government foresees other billionaire investments in the sector
The arrival of state-owned conglomerates from China could mark a second cycle of investments by the Asian country in Brazil and it happens at a time when the energy transmission auctions projected for this year are attracting several groups and should raise around BRL 50 billion in investments.
On the agenda in the states of Paraíba and Pernambuco in March, President Lula visited the Neoenergia Renewable Complex in Paraíba, and participated in the unveiling of the inauguration plaque for the undertaking that combines wind and solar technologies for the generation of renewable energy in the State.
With an investment of BRL 3 billion, the complex comprises the Chafariz Wind Farm, with a capacity to generate 471.2 MW, and the Luzia Solar Park, with a maximum capacity to generate 149.2 MW, in addition to transmission lines and substations.
