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Partnership Between Total and Eren Involves Acquisition of 3 Solar Power Plants in São Paulo
Keeping an eye on the new energy trends of the future, Total Eren (a consortium formed by Total and Eren) has just acquired 100% of the rights to a new solar energy generation project in the municipality of Dracena, in the interior of São Paulo. The plants will be named Dracena I, Dracena II, and Dracena IV, and the company Cobra do Brasil will operate them. Each of these operational units will have the capacity to produce around 30 Megawatts of power.
Cade (Administrative Council for Economic Defense), in its understanding, highly supports the project, so much so that for this project, a new company was specifically created for this undertaking and was named “Eren Dracena.” Total and Eren view this project as a precursor to increasing their number of electricity-related ventures in Brazil.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
Until now, Total Eren has already held more than 900 MW of electricity production from wind (wind power), solar (photovoltaic), and hydropower around the world, both installed and those under installation. In our country, it currently holds 40 MW in solar generation, not counting the new acquisitions.
Other Oil Companies Invest in Renewable Energy in Brazil
Equinor (formerly Statoil) acquired 40% of Scatec Solar’s equity shares in October 2017, which operates a solar power plant in the city of Quixeré, Ceará, for a mere 25 million (over 90 million reais at today’s exchange rate). The installed capacity at this site is 162 MW and supplies more than 160,000 homes.
“Brazil is and continues to be a strategic country for the company. We have long-term projects here, lasting at least 40-50 years. The recent transactions by Statoil in Brazil corroborate its commitment to developing business in a safe and sustainable manner in the energy market,” says the president of the company here.
Foreign Companies Across All Segments of the Brazilian Economy
Incredibly, oil companies are not only looking to acquire broader stakes in Brazil’s oil and gas sector, as seen in recent oil auctions. Gradually, they have been gaining ground in our country simply because they perceive the potential of our energy matrix. Some examples:
- We have a vast coastal region that allows us to effectively harness the winds for wind energy production
- We have sun practically year-round, even in the coldest periods, it is possible to generate energy through sunlight
- Abundant Water Resources to power plants
- We hold the largest mineral reserves in the world, including precious elements
- We have land sufficient for the production of bio-diesel and other derivatives
Are they perceiving a market that we haven’t been able to see until now?
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