Shell Aims to Increase Its Global Investments in New Energies to US$ 3 Billion and Sees Brazil as a Priority in the Solar Energy Segment
Shell has a team dedicated exclusively to seeking competitive solar energy projects in Brazil. In alignment with the company’s strategy to invest in new energies, the company intends to increase its investments worldwide to around US$ 3 billion and is looking for competitive projects in Brazil, as it considers the country to have significant growth potential in the sector. See here! The largest wind farm in South America will be in Piauí.
According to a statement made yesterday (09/19) by the company’s president in Brazil, André Araujo, “We are establishing our new energies team. We already have an established group in the solar area and are seeking business opportunities. We do not have pressure to have projects by a specific date, but we will look for projects that make sense and are competitive. At some point, something will come out.”
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Shell already invests between US$ 1.5 billion and US$ 2 billion per year in the renewable energy market, and now wants to increase the amounts to near US$ 3 billion this year.
According to the president of Shell, “There are countries that are a priority [for investments], and Brazil is one of them.”
Natural Gas
In the coming years, Shell will be one of the largest producers of natural gas from the pre-salt and is looking to enter the gas-fired power generation market or sell to the country’s large industrial consumers.
Currently, the company’s major client in Brazil is Petrobras, but the Brazilian state-owned company has committed to CADE not to renew contracts for gas purchases from its partners in the production fields.
However, the company’s president stated that the current focus is to find buyers for what Shell will produce additionally and not for the gas that Petrobras does not purchase.
“The existing contracts will need to be adjusted, but we are looking closely at growth opportunities in volume… The great opportunity will be in new volumes, finding ways [to sell this gas],” he stated.
The company’s participation in the Macaé thermoelectric plant project in RJ is already a demonstration of how it intends to use the pre-salt gas. Shell’s intention is to expedite the plant’s operation scheduled for 2023.
Read also! Petrobras starts the sale of onshore fields in the Tucano Sul Polo, in Bahia!

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