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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The Renewable Energy Sector May Account for 45% of the Brazilian Matrix by 2021

According to the PDE, created by the Energy Research Company, the renewable energy sector is expected to represent 45% of the energy matrix by 2021. EPE forecasts a growth of more than 5% per year to increase the participation of renewable energy, which is currently over 40%. By December of last year, Brazil ranked 3rd as one of the most attractive countries for investment in the deployment of renewable energy sources. The index conducted by BNEF evaluates investment conditions for clean energy, and Brazil is the largest clean energy market in Latin America.

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

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

Read More News

Engie Brazil Is Very Interested in the Renewable Energy Market

The Renewable Energy Sector May Account for 45% of the Brazilian Matrix by 2021

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

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

Read More News

Engie Brazil Is Very Interested in the Renewable Energy Market

The Renewable Energy Sector May Account for 45% of the Brazilian Matrix by 2021

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