Engie Brazil Will Invest 6 Billion in the Brazilian Renewable Energy Market

Written by Valdemar Medeiros

Published on 14/02/2021 at 09:28

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With Investments, Engie Brazil Generates and Commercializes Renewable Energy Through the Deployment and Operation of Many Brazilian Plants.

Engie Brazil will invest over R$ 3 billion throughout 2021, focusing mainly on the renewable energy and infrastructure sectors. By 2023, Engie Brazil’s investment plan in the country is expected to reach R$ 6 billion, a proportion that may vary depending on the selection of new projects. “These values may include new transmission lines, gas pipelines, and wind and solar energy projects, for example,” said the president of Engie Brazil, Eduardo Sattamini, regarding future investments in renewable energy.

Engie Brazil Is Very Interested in the Renewable Energy Market

Engie Brazil, which is controlled by Engie France, is also very interested in hydropower generation projects, such as the bidding for the Foz de Areia plant operated by Copel in Paraná. The hydropower plant is expected to have its control privatized for the extension of the authorization contract, which currently ends in 2023.

Even with good prospects for this year, Engie Brazil is concerned about the potential impacts that a drought scenario in 2021 may bring to the energy sector.

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Engie Brazil Will Invest 6 Billion in the Brazilian Renewable Energy Market

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