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Petrobras will invest R$2 billion in a strategic plan, increasing local content and gas production. Solar and wind plants are also on the horizon for investments in renewables
A Petrobras is implementing its sustainability and growth strategy in the energy market, in addition to expanding its operations and investing in innovative projects aimed at preserving the environment.
The giant Petrobras is under pressure to return to being a vector of the country's development, after a year of approval from the financial market. The company's goal is to take the investments of R$ 102 billion foreseen in the 2024-2028 strategic plan.
Investments in local content, refining, natural gas and more
The list of investments includes the resumption of local content, refining, natural gas, fertilizers and the acquisition of solar and wind power plants. President Lula stated that the focus is on delivery, marking the harvest after a year of planting.
- Tiles that generate solar energy and reduce the price of your electricity bill: produced in Brazil, a house needs around 150 tiles
- New solar panels are so cheap that they are being used as walls that generate energy. In addition, the installation cost is much lower than installing them on roofs.
- The Northeast will become one of the most important regions in the WORLD after the arrival of a mega-investment of R$111 billion for the production of the fuel of the future
- End of batteries in electronic devices: Swedes develop technology to print tiny photovoltaic cells at low cost
Petrobras faces difficulties in the natural gas production project in Sergipe and uncertainties regarding the fertilizer manufacturing. Additionally, the company is involved in internal discussions related to the purchase of renewable generation assets, including the Braskem.
Petrobras expressed interest in the right of first refusal do jasper block, and on Campos Basin. The price of oil is on the rise, with a barrel of WTI oil closing higher at US$75,09. Additionally, the company shared contracted capacity with piped gas distributor Sulgás in Bolivia.
Measures to modernize the naval fleet and geopolitical issues
BNDES reduced interest rates for modernizing the Brazilian naval fleet. Meanwhile, President Lula is preparing to travel to Guyana, in a gesture that is interpreted as a message to Venezuela. The dispute over the territory of Essequibo is the subject of tension between the two countries.
As greenhouse gas emissions from electricity generation are in structural decline as the replacement of fossil sources with renewables gathers pace. Additionally, General Motors International (GM) plans to invest R$7 billion in Brazil by 2028, focusing on electric vehicles and renewable energy. The company Petrobras explains its preferences in the pre-salt and the TCU decides to judge individually the renewals of electricity distribution concessions.
New projects and international disputes
A photovoltaic solar plant, Sol de Jaíba, began operations in Minas Gerais, representing an investment of R$2 billion. The Regional Labor Court of the 9th Region ordered the Itaipu plant to pay arrears to Brazilian workers. Meanwhile, XP Investimentos stated that Weg will be the company most benefiting from the government's new industrial policy. Finally, the government plans to announce a fund to help airlines in the coming days.
Source: EPBR
