Portuguese Company GALP Acquires Renewable Energy Projects for Development in Brazil, Expanding Its Operations in the Country's Wind Sector

Portuguese Company GALP Acquires Renewable Energy Projects for Development in Brazil, Expanding Its Operations in the Country’s Wind Sector

Written by Valdemar Medeiros

Published on 06/05/2022 at 10:20

Plantas de energia eólica em Vila do Bispo 01/03/2006REUTERS/José Manuel Ribeiro

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The Portuguese Galp Closed Two Agreements with Companies Casa dos Ventos and SER Energia dos Ventos for the Purchase of 4.8 GW in Wind Power Generation Projects in Brazil.

The Portuguese GALP announced on Tuesday (3) two agreements with renewable energy companies SER Energia dos Ventos and Casa dos Ventos for the purchase of 4.8 GW in wind energy projects in the country. The asset portfolio, which is still under development, will enable the company to more than double its renewable energy portfolio. The deal between the companies also marks the company’s expansion into the wind energy market in Brazil. Until then, the Portuguese oil company only had solar energy projects in Brazil.

GALP’s Acquisition in Renewable Energy Aims to Further Foster the Energy Transition in Brazil

The agreement with SER Energia covers the purchase of development projects of solar photovoltaic energy, with a total installed capacity of 4.6 GW peak. The contract with Casa dos Ventos includes a cluster of 216 MW of wind power parks under construction in the Northeast.

According to the company’s COO of renewable energy and new business, Georgios Papadimitriou, the transactions, which did not disclose their values, represent a new engine for expansion for Galp, which is currently the third-largest producer of oil and gas in the country.

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Galp Is Also One of the Main Solar Energy Producers in the Iberian Peninsula

According to a statement from Georgios Papadimitriou, Brazil has stimulated the company’s expansion in the last 12 years through projects in the pre-salt, however, the new contracts in the renewable energy sector allow the company to add a new engine for expansion.

The oil company is already one of the largest solar energy producers in the Iberian Peninsula, with an installed capacity of 1.2 GW in operation. With the new portfolio of projects acquired in Brazilian territory, the company’s renewable energy portfolio now totals 9.6 GW in various stages of development in Brazil, Portugal, and Spain. The company aims to expand its renewable energy production capacity to 4 GW by 2025 and 12 GW by the next decade.

About the Company

Galp is an energy company that explores, produces, and develops oil and natural gas across four continents. Altogether, the company is composed of 11 geographies, 50 nationalities, and 7,000 experiences.

The company opens itself to the world, gaining new perspectives and anticipating a more sustainable future, which is why the company advocates diversity and promotes opportunities in various business areas. In a fast-paced world seeking new energy sources, Brazil is a key piece in answering the world’s energy needs.

Galp is present in the country through its subsidiary Petrogal Brasil, a pioneer in advancing the pre-salt through the Tupi Field. Currently, the company participates in more than 25 projects in the country, being one of the oil and gas companies that invests the most in the energy transition to renewable sources. Petrogal Brasil also has Sinopec as its shareholder, one of the largest energy groups in the world.

Portuguese Company GALP Acquires Renewable Energy Projects for Development in Brazil, Expanding Its Operations in the Country’s Wind Sector

The Portuguese Galp Closed Two Agreements with Companies Casa dos Ventos and SER Energia dos Ventos for the Purchase of 4.8 GW in Wind Power Generation Projects in Brazil.

GALP’s Acquisition in Renewable Energy Aims to Further Foster the Energy Transition in Brazil

Galp Is Also One of the Main Solar Energy Producers in the Iberian Peninsula

About the Company

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Portuguese Company GALP Acquires Renewable Energy Projects for Development in Brazil, Expanding Its Operations in the Country’s Wind Sector

The Portuguese Galp Closed Two Agreements with Companies Casa dos Ventos and SER Energia dos Ventos for the Purchase of 4.8 GW in Wind Power Generation Projects in Brazil.

GALP’s Acquisition in Renewable Energy Aims to Further Foster the Energy Transition in Brazil

Galp Is Also One of the Main Solar Energy Producers in the Iberian Peninsula

About the Company

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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