Latin America Advisor
Energy Advisor
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What Will Eletrobras Prioritize With its Investments?
Brazilian power company Eletrobras is set to invest between 70 billion and 80 billion reais ($14.73 billion-$16.83 billion) over the next five years. // File Photo: Brazilian Government.
Brazilian state-owned power company Eletrobras is set to invest between 70 billion and 80 billion reais ($14.73 billion-$16.83 billion) over the next five years, the company said July 24. Some 17 billion reais of the investment fund has already been earmarked for electricity generation, transmission projects and maintenance work. The power company also said it is considering more than a dozen mergers and acquisition deals in renewable energy. Where will the funds go, and what should the utility company prioritize? How can Eletrobras contribute to Brazil’s green energy transition?
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Peter Baumgaertner, partner at Holland & Knight: “Brazil accounts for approximately 7 percent of the Earth’s renewable energy production and is a leader in biofuels and hydropower technologies. Eletrobras is set to invest between $14.73 and $16.83 billion during the next five years for generation, transmission and maintenance work. Brazil should continue its leadership in energy innovation by investing in green hydrogen technologies and infrastructure. As fuel and industrial feedstock, green hydrogen will contribute to decarbonizing the world’s energy matrix, creating a $200 billion investment opportunity in Brazil over the next 20 years. The Brazilian government is developing a regulatory framework for the production and commercialization of green hydrogen with hopes that a hydrogen law will be presented for consideration by Brazil’s Congress in the fourth quarter of 2023. Transportation of green hydrogen remains a challenge, so…”
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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
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