The solar energy market in Brazil continues to be a hotbed of investment for companies from other sectors, which are investing in clean and sustainable energy and making a commitment to reducing CO2 emissions. As is the case with the oil company Shell, which is close to starting negotiations with potential customers to sell future production from its first solar projects in the country.
“Over the last two years, we were focusing more heavily on developing the portfolio. Now, we are going to start resuming conversations with customers, with products to offer, since some of our projects, mainly those in Minas Gerais, are at a very advanced level of development”, said Maria Gabriela da Rocha, development manager of Shell's solar energy business in Latin America.
The projects, which should start production from 2023, include three photovoltaic plants in the municipality of Brasilândia de Minas (MG), as published by Canal Solar in April.
According to the executive, Brazil has enormous potential for negotiating private contracts with renewables, given the size of the free local electricity market compared to other countries. “Out there, people don’t understand how big the Brazilian market is. It is already a very significant sector with a lot of potential.”
She also highlighted that other important markets for renewables, such as the North American and European markets, are fragmented by states or countries, while Brazil has a huge interconnected electrical system. “There are almost no other markets out there with this much volume,” she concluded.
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