1. Home
  2. / Renewable Energy
  3. / Brazil Has A Unique Opportunity To Reindustrialize With Clean Energy
Reading time 2 min of reading

Brazil Has A Unique Opportunity To Reindustrialize With Clean Energy

Written by Paulo Nogueira
Published on 25/08/2023 at 14:47
energia limpa Brasil
Be the first to react!
React to this article

Brazil Has Unique Opportunity to Attract Industries and Reindustrialize with Clean Energy

Brazil has the ‘opportunity of the century’ to reindustrialize through clean energy, according to Lucas Araripe, executive director of Casa dos Ventos.

The company sees the potential to attract energy-intensive industries such as aluminum, steel, fertilizers, and data centers to the country, due to these companies’ need to meet decarbonization targets.

Currently, more than 80% of Brazil’s energy matrix comes from renewable sources, such as solar power plants and wind farms.

Casa dos Ventos has mapped over 1,200 points across Brazil to identify areas with favorable winds for the installation of wind farms.

The company has projects in both wind and solar energy, including a hybrid model where large wind turbines share space with solar panels.

Transaction with TotalEnergies

Casa dos Ventos closed a joint venture valued at R$ 12.6 billion with TotalEnergies last year.

The transaction does not include the joint development of offshore wind energy projects, which, according to the executive director, does not make economic sense for Brazilian companies at the moment.

Gains and Future Plans

Casa dos Ventos sees significant gains following the transaction, including reduced costs with guarantees and spreads, in addition to accessing TotalEnergies’ client portfolio to seek new energy generation projects.

The company plans to advance into the production of ‘green’ fuels, such as methanol and hydrogen, which require a large amount of clean energy.

Casa dos Ventos reported revenue of R$ 358.1 million in 2022, a growth of 7.6% compared to the previous year.

Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Share in apps