Renewable energy in Brazil will get a boost after the chief executive of Petrobras, the country’s state-run oil giant, said the company will begin buying solar power and onshore wind projects in an effort to build a clean energy portfolio.
Jean Paul Prates, in an interview with the Reuters news service published Jan. 22, said Petrobras is looking to acquire about 2 GW of renewable energy generation capacity. The company wants to buy stakes in solar and wind farms that are already operating. The company has said “investments in new energies” is part of its 2024-2028 strategic plan.
