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Ceará enters into a billion-dollar partnership with a Chinese company to revolutionize renewable energy in Brazil, betting on green hydrogen with the expectation of generating almost 1 jobs

Written by Deborah Araújo
Published 04/12/2024 às 09:39
Ceará enters into a billion-dollar partnership with a Chinese company to revolutionize renewable energy in Brazil, betting on green hydrogen with the expectation of generating almost 1 jobs
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With an agreement signed with the Chinese company CGN Brasil Energia, Ceará is advancing in solar, wind and green hydrogen energy projects, consolidating its prominent role in global sustainability.

Ceará continues to show that it is a powerhouse when it comes to renewable energy. In yet another step towards consolidating its leading position in this sector, the State Government has signed a Memorandum of Understanding (MoU) with the Chinese company CGN Brasil Energia (CGNBE), a branch of the CGN Group, one of the largest companies in China. The focus of the partnership? Developing solar and wind energy projects and boosting the green hydrogen chain. This reinforces the state's commitment to being a leading player in the sustainable energy scenario.

Renewable energy: the future that starts now in Ceará

Governor Elmano de Freitas did not hide his excitement about the signing of the agreement. According to him, the partnership is a reflection of the resumption of Brazil's international relations with China, a strategic move to attract major investments to the state.

“Ceará is very pleased with the investments that the company has already made in our territory, especially in a strategic area, which is the production of renewable energy. This memorandum is essential to consolidate our position in the sector,” said the governor.

The Chinese company CGNBE, known for its global presence in clean energy, is keeping an eye on Ceará's natural potential, especially in the generation of solar and wind energy. But the highlight of this partnership is the commitment to the development of green hydrogen, a sustainable energy alternative that promises to revolutionize the market.

Green hydrogen: the bet that puts Ceará in the lead

The memorandum signed with the Chinese company provides for the installation of an offshore wind energy project with a capacity of 1.000 MW on the coast of Ceará, an ambitious undertaking that should be carried out in phases.

Initial studies are expected to begin later this year. In addition, solar and wind projects with installed capacity of up to 400 MW are also in the package, and the cherry on the cake is the green hydrogen pilot plant that will be developed jointly.

But what exactly is green hydrogen? It is an energy source obtained through the electrolysis of water, using electricity generated by renewable sources. It is a clean alternative, with zero carbon emissions, and can be used in both industry and transportation. With this investment, Ceará is positioning itself as a pioneer in Brazil and attracting attention from all over the world.

Investments and jobs for Ceará

Among the projects highlighted by CGNBE is the Lagoinha Project, a photovoltaic solar project with an installed capacity of 194 MWp, located in the municipality of Russas.

The project will require investments of approximately R$ 650 million and should generate around 900 direct and indirect jobs throughout its construction. It is further proof that renewable energy not only contributes to sustainability, but also moves the local economy.

CGNBE President Yao Zhigang highlighted the importance of the partnership and the potential of Ceará. “During the G20 meetings, we had the opportunity to learn about the Lagoinha Project and Ceará’s natural resources. This sparked the interest of other companies in exploring the state’s potential,” said the executive.

The strength of the Port of Pecém and the expansion of CGN in Ceará

The Pecém Industrial and Port Complex (Cipp) also plays a strategic role in this scenario. Hugo Figueirêdo, president of the complex, celebrated the partnership and highlighted that CGN already uses the port’s services to install other solar and wind farms in the region. “This is a partnership that has already been advancing and will continue to advance. We are happy to participate in this important moment,” he said.

This collaboration between Ceará and CGN is not an isolated point. The state already has 40 other memoranda of understanding in the renewable energy sector, showing that investment in this segment is not a gamble, but a consolidated reality.

China's role and strengthening international relations

Another important aspect of the partnership is the strengthening of diplomatic relations between Brazil and China. Governor Elmano highlighted the importance of the recent meeting between President Lula and Xi Jinping, which discussed the creation of working groups focused on infrastructure and Chinese investments in Brazil. CGN, as a world leader in clean energy, is one of the protagonists of this recovery.

“This renewed diplomacy will bear good fruit, and CGN’s action in Ceará is another step towards consolidating our state and Brazil in the production of renewable energy,” reinforced Elmano.

Ceará as a reference in sustainable energy

With privileged natural conditions and a government aligned with global trends, Ceará has everything it needs to become a reference in renewable energy and green hydrogen. The partnership with CGN Brasil Energia is further proof that the state is on the right track, attracting billion-dollar investments and consolidating its position in the international market.

The commitment to sustainability not only strengthens the local economy, but also puts Ceará at the forefront of a movement that promises to shape the planet’s energy future. After all, when it comes to renewable energy, Ceará shows that it is always one step ahead.

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Fábio
Fábio
04/12/2024 10:02

You are screwed like you will be after China falls.

Yuri Batista
Yuri Batista
In reply to  Fábio
04/12/2024 10:02

As someone interested in this issue, I find this premise puzzling. I suggest that we reflect on the structure of capitalism and its impact on global markets. Using China as a mirror, we can question the nature of systems that depend on market effervescence to ensure sustainable growth.

Andre
Andre
In reply to  Fábio
04/12/2024 18:02

If China goes bankrupt, the whole world will suffer along with it! From what I can understand, you want this, you want to see China go bankrupt so you can brag!

Claudio Almeida
Claudio Almeida
In reply to  Fábio
05/12/2024 11:05

China will not fall, the trend is to develop, grow, make alliances and catch up with the US. The future of developing countries lies in relations with China, congratulations to the government of Ceará for the initiative…

Luiz
Luiz
05/12/2024 08:13

They did the same thing at the Rio Olympics... 1000 jobs for the Chinese to do only 20% of the work... But when it came time to sign and pay the Brazilian companies... The mayor signed that the Chinese did 80% and the Brazilian companies went bankrupt, the Brazilians went bankrupt, the Brazilians didn't get paid... He went to court and the courts still managed to make things worse!!! Don't you believe it?? Study the case of TECNOSOLO against the city of RJ... The company won in court in all instances and when it got to the supreme court, they pulled a maneuver that made the trial go back to the 2nd instance and they are still stalling to this day!!!

Deborah Araújo

I write about renewable energy, automobiles, science and technology, industry and the main trends in the job market. With a close eye on global developments and daily updates, I am dedicated to always sharing relevant information.

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