Petrobras Aims to Capture 10% of Brazil's Wind and Solar Market - Renewable Energies

Petrobras Aims to Capture 10% of Brazil’s Wind and Solar Market – Renewable Energies

Written by Paulo Nogueira

Published on 31/01/2024 at 11:20

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State-Owned Company Aims for 5 GW of Renewables by 2028. Investment in Wind and Solar, Photovoltaic Plants, Onshore and Offshore Wind, and Low-Carbon Hydrogen.

Petrobras has announced its plan to capture a 10% share of the centralized wind and solar energy market in Brazil by 2028, according to a presentation made for investors in New York this Tuesday (31/1). The 2024-2028 strategic plan of Petrobras aims to achieve approximately 5 GW of photovoltaic and wind capacity in operation or in construction phase.

To achieve its goals, the oil company plans to invest US$ 5.2 billion in renewable energies over the period. This investment is part of the significant increase in investments in low-carbon projects, which will receive US$ 11.5 billion, double the previous plan.

Petrobras Invests in Renewable Energies

Only this year, the oil company intends to acquire 2 GW of onshore wind and solar assets, partnering with experienced developers, according to President Jean Paul Prates.

ARTICLE CONTINUES BELOW

Petrobras and the Wind Energy Market

Only this year, the oil company intends to acquire 2 GW of onshore wind and solar assets, and…

Renewable Expansion of Petrobras

Only this year, the oil company intends to acquire 2 GW of onshore wind and solar assets, and…

Source: EPBR

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Petrobras Aims to Capture 10% of Brazil’s Wind and Solar Market – Renewable Energies

State-Owned Company Aims for 5 GW of Renewables by 2028. Investment in Wind and Solar, Photovoltaic Plants, Onshore and Offshore Wind, and Low-Carbon Hydrogen.

Petrobras Invests in Renewable Energies

Petrobras and the Wind Energy Market

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