Portuguese Multinational Galp Invests in Brazil's Solar Energy and Acquires Projects in Bahia and Rio Grande do Norte

Portuguese Multinational Galp Invests in Brazil’s Solar Energy and Acquires Projects in Bahia and Rio Grande do Norte

Written by Flavia Marinho

Published on 20/10/2021 at 09:14

Refinaria Galp / Imagem Google

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Oil Company Galp, Led by Andy Brown, Enters the Solar Energy Market in Brazil with Dual Acquisition and Expands Its Renewable Energy Production Capacity to 4.7 Gigawatts (GW)

The Portuguese oil company Galp, led by Andy Brown, has signed a contract for the acquisition and development of solar projects in Brazil with a total capacity of 594 megawatt-peak (MWp). With this, the multinational fulfilled its plan to expand its renewable energy generation capacity and transform its business profile, in addition to reducing its carbon footprint.

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The projects are expected to begin commercial operation by 2025 and will allow for an increase in total renewable energy production capacity to 4.7 GW (gigawatt). This figure includes the set of assets in Portugal, Spain, and Brazil.

The investment made in these transactions was not disclosed. Galp’s strategic plan foresees that the company will have over 4 GW of renewable energy in operation by 2025 and 12 GW by 2030.

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Portuguese Multinational Galp Invests in Brazil’s Solar Energy and Acquires Projects in Bahia and Rio Grande do Norte

Oil Company Galp, Led by Andy Brown, Enters the Solar Energy Market in Brazil with Dual Acquisition and Expands Its Renewable Energy Production Capacity to 4.7 Gigawatts (GW)

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Portuguese Multinational Galp Invests in Brazil’s Solar Energy and Acquires Projects in Bahia and Rio Grande do Norte

Oil Company Galp, Led by Andy Brown, Enters the Solar Energy Market in Brazil with Dual Acquisition and Expands Its Renewable Energy Production Capacity to 4.7 Gigawatts (GW)

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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