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PetroBrazil plans to have 10% of the solar and wind GC market by 2028.

State-owned company informed investors that it wants to exceed 5 GW of installed capacity or under construction in the country

PetroBrazil plans to have 10% of the solar and wind GC market by 2028.

Photo: Envato

In a presentation held for investors in New York, United States, this Tuesday (30), the Petroarm revealed that intends to position itself in a more balanced way in the energy transition process that the world is going through.

A state highlighted that one of your goals for the next four years is to capture 10% of the market centralized generation of solar and wind energy in Brazil, through investments of the order of $5,2 billion.

The contributions are part of the Strategic Plan 2024-2028 of the company for low carbon projects. The oil company's objective, with this, is to surpass the 5 GW of installed capacity or under construction through solar and wind sources 2028 up. 

Currently, Brazil has 28,9 GW of installed capacity in wind energy projects and another 11,7 GW through centralized solar sources.

O meeting this Tuesday was carried out for a group of 50 analysts and investors – especially from large foreign investment funds – that had the opportunity to delve deeper into the main issues relating to PetroBrazil, especially to obtain a detailed explanation of the Brazilian state-owned company's strategic plan. 

"We are an oil company in transition. We are transforming the..." Petro"Brazil is gradually investing in new energy sources, without abandoning oil production overnight," said Jean Paul Prates, president of [company name]. Petrobras. 


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Henrique Hein
About the Author
Henrique Hein

He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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