Petrobras Invests Big in Brazil's Sustainable Future, with $4.3 Billion for Solar and Wind Energy, Part of an Ambitious $111 Billion Plan by 2029!

Petrobras Invests Big in Brazil’s Sustainable Future, with $4.3 Billion for Solar and Wind Energy, Part of an Ambitious $111 Billion Plan by 2029!

Written by Valdemar Medeiros

Published on 28/11/2024 at 09:05

Foto: Energia eólica e solar/Idogram

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Petrobras Investments Reach US$ 111 Billion, with US$ 4.3 Billion Allocated for Solar and Wind Energy. In 10 Years, Renewable Sources Will Account for Half of the State-Owned Company’s Revenue.

Petrobras recently announced its business plan for the period from 2025 to 2029, maintaining about 70% of investments aimed at the exploration and production segment of fossil fuels. Of the total US$ 111 billion projected for the five-year period, US$ 77.3 billion will be invested in sources such as oil and coal. About 60% of this amount will be directed to pre-salt assets. It is worth mentioning that part of Petrobras’ investments will be allocated to the solar and wind energy sector.

Check Out the Details Revealed About Petrobras’ Investments in Solar and Wind Energy

One of the new aspects of the document is the increase of 42% in the resources allocated for what the company defines as energy transition. The amount reserved increased from US$ 11.5 billion in the previous plan to US$ 16.3 billion. However, nearly half of this amount, US$ 7.1 billion, will be directed to the production of bioproducts such as ethanol, biomethane, and biorefining.

In the low-carbon energy sector, Petrobras’ investments were raised from US$ 5.5 billion to US$ 5.7 billion. Of this total, US$ 4.3 billion will be allocated for the construction and maintenance of onshore solar and wind power plants.

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Understand Petrobras’ Goal with Solar and Wind Energy

For the decarbonization of its operations, the company also increased resources from US$ 3.9 billion to US$ 5.3 billion. Of this amount, US$ 4 billion will be used to reduce pollutant gas emissions, while US$ 1.3 billion will go to the company’s Decarbonization Fund, created to support these actions.

Petrobras also stated that, in renewable generation projects, the strategy will be to preferably work in conjunction with large companies in the sector. The goal is to decarbonize organizations, integrate low-carbon solutions into their portfolio, and seize market opportunities in Brazil.

According to the company, this year the plan has been divided into two parts: PE 2050, which proposes to reflect on the future of the planet and how the company wants to be recognized in 2050, and PN 2025-29, with short- and medium-term goals.

50% of the State-Owned Company’s Revenue Will Come from Solar and Wind Energy

In ten years, half of Petrobras’ revenue will come from solar and wind energy, in addition to renewable fuels, with the company making purchases aimed at promoting the energy transition, according to Jean Paul Prates, president of the state-owned company.

The executive states that, despite Petrobras’ investments, the company does not plan to make drastic changes to its strategy, but pointed out that the state-owned company needs to be prepared for the opportunities that the renewable energy sector may provide.

Initially, the state-owned company is considering investing in solar and wind projects on land before also making investments in offshore plants, i.e., at sea. According to Prates, the Brazilian company is also willing to expand plant-based fuel for the transport sector, especially aviation and maritime transport.

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Petrobras Invests Big in Brazil’s Sustainable Future, with $4.3 Billion for Solar and Wind Energy, Part of an Ambitious $111 Billion Plan by 2029!

Petrobras Investments Reach US$ 111 Billion, with US$ 4.3 Billion Allocated for Solar and Wind Energy. In 10 Years, Renewable Sources Will Account for Half of the State-Owned Company’s Revenue.

Check Out the Details Revealed About Petrobras’ Investments in Solar and Wind Energy

Understand Petrobras’ Goal with Solar and Wind Energy

50% of the State-Owned Company’s Revenue Will Come from Solar and Wind Energy

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Petrobras Invests Big in Brazil’s Sustainable Future, with $4.3 Billion for Solar and Wind Energy, Part of an Ambitious $111 Billion Plan by 2029!

Petrobras Investments Reach US$ 111 Billion, with US$ 4.3 Billion Allocated for Solar and Wind Energy. In 10 Years, Renewable Sources Will Account for Half of the State-Owned Company’s Revenue.

Check Out the Details Revealed About Petrobras’ Investments in Solar and Wind Energy

Understand Petrobras’ Goal with Solar and Wind Energy

50% of the State-Owned Company’s Revenue Will Come from Solar and Wind Energy

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BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

A factory video in India goes viral showing workers wearing helmets with cameras to train an artificial intelligence that will eventually replace these same employees on the production lines.

In the South Atlantic, three isolated volcanic islands cause the wind to draw perfect spirals visible from space: a rare phenomenon called von Kármán vortex streets forms symmetrical patterns behind the peaks of the South Sandwich Islands and was recorded by the NOAA-20 satellite in 2025.

Created to cling to ships like a lamprey, the new U.S. underwater drone sleeps on the ocean floor, launches torpedoes, and recharges itself with the current.

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