Brazil's First Viable Green Hydrogen Project Receives R$ 13 Billion in Investments and Will Generate Thousands of Jobs

Brazil’s First Viable Green Hydrogen Project Receives R$ 13 Billion in Investments and Will Generate Thousands of Jobs

Written by Valdemar Medeiros

Published on 13/07/2023 at 23:55

Foto: Hidrogen SA

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New Investments in the Green Hydrogen Market in Brazil: Rio Grande do Norte Will Receive Billion-Dollar Funding for the Sector, Which Promises to Generate Thousands of Jobs.

The first viable green hydrogen project in Brazil will be in Rio Grande do Norte, which will invest R$ 13 billion and promises to produce around 1 GW. The project, which will create thousands of new jobs, will be located in the Vale do Assu, on land, or onshore, relying on wind energy (70%) and solar energy (30%).

Green Hydrogen Project in Brazil Will Be Built by Nordex Acciona

Investments for the green hydrogen project will come from Nordex Acciona, in partnership with a local group, Vieira, which has a long history in the medical field. Hydrogen is seen as a crucial piece for a carbon-free future when used as fuel. However, its transformation from gas to fuel requires a significant amount of renewable energy.

Thus, it is essential to pay attention to the source of this energy so that the final product can be called green hydrogen, and Rio Grande do Norte still has ample energy and workforce for the new projects, which aim to generate various jobs.

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Rio Grande do Norte Closes New Green Hydrogen Agreements

During a visit to Portugal in March for a meeting with European investors, the governor of Rio Grande do Norte (RN), Fátima Bezerra (PT), signed two memoranda of understanding for investments in green hydrogen production plants and derivatives, generating various jobs. Among the agreements is one signed with the CEO of Voltalia Brazil, Robert Klein, during a ceremony in the city of Porto.

Voltalia is a French company that has over 1 GW in renewable energy projects in Rio Grande do Norte, and another 5 GW across ten Brazilian states. Fátima Bezerra states that the project will contribute to the socioeconomic advancement of the region, enhancing associated indices and attracting more investments.

The production of green hydrogen and derivatives, such as e-methanol and ammonia, would cater to both domestic consumption and the demand from international off-takers.

Rio Grande do Norte Can Receive R$ 20 Billion in Investments

The Energy Development Coordinator of RN, Hugo Fonseca, estimates that during the agenda of meetings in the country, the goal of R$ 20 billion in private investments for the energy generation sector could be achieved, focusing on new sources such as green hydrogen and associated energies.

According to Jaime Calado, Secretary of Economic Development, Science, Technology, and Innovation, due to trips to China, Denmark, and other European countries, it was possible to reach R$ 7 billion in investments in 2020 in renewable energy areas, the following year, there were over R$ 13 billion, and in 2022, more than R$ 31 billion in investments.

In recent years, Vestas signed a memorandum of understanding with the RN government to study the feasibility of establishing a port-industry with offshore wind projects and green hydrogen production, which promises to generate various jobs.

Brazil’s First Viable Green Hydrogen Project Receives R$ 13 Billion in Investments and Will Generate Thousands of Jobs

New Investments in the Green Hydrogen Market in Brazil: Rio Grande do Norte Will Receive Billion-Dollar Funding for the Sector, Which Promises to Generate Thousands of Jobs.

Green Hydrogen Project in Brazil Will Be Built by Nordex Acciona

Rio Grande do Norte Closes New Green Hydrogen Agreements

Rio Grande do Norte Can Receive R$ 20 Billion in Investments

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Brazil’s First Viable Green Hydrogen Project Receives R$ 13 Billion in Investments and Will Generate Thousands of Jobs

New Investments in the Green Hydrogen Market in Brazil: Rio Grande do Norte Will Receive Billion-Dollar Funding for the Sector, Which Promises to Generate Thousands of Jobs.

Green Hydrogen Project in Brazil Will Be Built by Nordex Acciona

Rio Grande do Norte Closes New Green Hydrogen Agreements

Rio Grande do Norte Can Receive R$ 20 Billion in Investments

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