Good news for Minas Gerais – the oil company Shell registered the license for the photovoltaic plants – Aquarii I, II and III – in the municipality of Brasilândia de Minas. Together, the three projects will have 150 MW of solar capacity. Amid collapse in oil costs, Shell cuts $5 billion in investment, halts share purchases

The three plants are Shell's first renewable energy project in Brazil.

Gabriela Oliveira, the company's New Energies manager, confirmed in the second half of 2019 Shell's interest in seeking free consumers for the development of photovoltaic energy projects in Brazil.

“Here in Brazil we are very focused on the solar energy segment, also because wind power has already been well developed. The solar energy segment is newer in terms of the entry of new players”, said Gabriela

Investments

Around three billion dollars will be invested annually in renewable energy projects by the oil company globally.

Despite wanting to expand investments starting next year, by 2030 Shell is planning investments between US$1 billion and US$2 billion.

In order not to be left out of the competition, the company has committed to achieving neutrality in carbon emissions by 2050, thus matching the commitment made by BP.

“Society expectations have changed rapidly in the climate change debate. Shell now needs to go further in its own ambitions: this is why we hope to achieve neutrality in the energy market by 2050 or sooner. Society and our consumers expect no less,” company CEO Ben van Beurden said in a statement.

by- epbr

Neoenergia gets boost for construction of wind power complex in Northeast Brazil

Iberdrola, through its Brazilian subsidiary Neoenergia, received a boost in the development of its mega wind energy complex in Oitis, in the northeast of Brazil.

the complex of At once will be located between the states of Piauí and Bahia and its full commissioning is scheduled for mid-2022. Comprising 12 parks, the new venture will have a total installed capacity of 566,5 MW, making it Neoenergia's largest onshore wind project in Latin America and the second in the world.