Big Oil Aims to Exploit Brazil's Sun and Wind Along With Crude

Big Oil Aims to Exploit Brazil's Sun and Wind Along With Crude

Chamber Articles Category: Energy Post Date: 09/14/18 Source: Bloomberg By: Sabrina Valle
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European oil majors are looking for more than just deepwater gushers in Brazil. They also plan to profit from the country’s abundant wind and sunshine.

Royal Dutch Shell Plc, Total SA and Equinor ASA have all pledged in recent weeks to invest in Brazilian renewables. The push could more than double wind and solar’s share of Brazil’s energy mix to 18 percent by 2026, according to the EPE, Brazil’s energy research office. Read Full Article