Partnership between Total and Eren included the acquisition of 3 solar energy generation plants in São Paulo

With an eye on the new energy trends of the future, to Total Eren (consortium created by Total and Eren) has just acquired 100% of the rights to a new solar energy generation venture in the municipality of Dracena, in the interior of the state 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 operating units will have the capacity to produce around 30 Mega Watts of power.

Cade (Administrative Council for Economic Defense), according to its understanding, is highly supportive of the project so much so that for this project, a new company was created specifically for this hardening and was named “Eren Dracena”. Total and Eren see this project as a precursor to increasing their number of projects focused on electricity in Brazil.

Until then, Total Eren already has more than 900 MW of wind (wind), solar (photovoltaic) and hydroelectric power generation around the world, both installed and those that are in the installation phase. In our country, it has so far 40 MW in solar generation, not counting new acquisitions.

Other Oil Companies Invest in Renewable Energy in Brazil

Equinor (formerly Statoil) ended up buying in October 2017 a 40% shareholding in Scatec Solar, which operates a solar power plant in the city of Quixeré, Ceará, for a whopping 25 million (more than 90 million reais in quote today). The installed power in this pole is 162MW and supplies more than 160 thousand homes.

“Brazil is and remains a strategic country for the company. We have long-term projects here, lasting at least 40-50 years. Statoil's recent transactions in Brazil corroborate its commitment to developing business in a safe and sustainable way in the energy market”, says the company's president here.

Foreigners in all segments of the Brazilian economy

Amazingly, oil companies are not only thinking about acquiring broader stakes in the oil and gas industry in Brazil, as was the case in the last oil auctions. Slowly they have been gaining ground in our country for the simple fact of perceiving the potential of our energy matrix. Some examples:

• We have a vast coastal region that allows us to take advantage of the wind to produce wind energy.
• We have sun practically all year round that even in the coldest periods, it is possible to generate energy through sunlight
• Abundant Water Resources to run power plants
• We hold the largest mineral reserves in the world, including noble elements
• We have land extensions to produce enough for the production of bio-diesel and other derivatives

Are they perceiving a market that we haven't been able to see until now?