Will shell invest $565 million in solar energy in Brazil?

Royal Dutch Shell plc’s (RDS.A) Brazilian affiliate Shell Energy intends to invest $565 million in renewable energy projects in the nation through 2025, most of which will be solar energy.

What is shell energy Brazil?

Shell invests billions of dollars each year in clean, low-carbon energy generation across the world. Shell Energy Brazil in addition to power contracts, offers simple and inexpensive packages of electricity and gas, LNG and environmental offsets for carbon emissions that cannot be avoided.

Is Royal Dutch Shell partnering with Brazilian steel producer Gerdau?

Oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has partnered up with Brazilian steel producer Gerdau SA (BVMF:GGBR4) to develop a 260-MWp solar project in Minas Gerais state. The companies have signed an agreement establishing a 50/50 joint venture (JV) in relation to the project, the partners announced on Monday.

Should small businesses invest in solar power plants in Brazil?

The potential for solar energy production in Brazil varies greatly from state to state, due to its extensive north-south stretch (more than 4,300 km). Small businesses or farms rarely decide to invest in solar power plants due to the high cost of equipment.

How is Brazil's solar power industry doing?

Corporate and private investors are boosting solar panel production in one of Brazil’s few domestic manufacturing industries, as well as driving imports from China. Brazil’s solar power industry group Absolar sees DG investments tripling to 16 billion reais ($3.64 billion) in 2020 from last year.

Will shell & Gerdau get a 190 MW solar project?

This is the second solar development undertaken by Shell and Gerdau in the South American country, following a 190-MW direct current (DC) project that was announced last July. The latest agreement still depends on the approval of precedent conditions, including securing clearance by local regulators and competition authorities.