The federal government approved, on Thursday (2/7), the Ten-Year Energy Expansion Plan – PDE 2035, prepared by the Energy Research Company (EPE). According to the publicity material for the more than 500-page document, the plan “reinforces Brazil’s leading role in the energy transition”. But, at the end of the day – and the numbers –, what we see is the dominance (and increase) of investments in fossil fuels and just a rearrangement of the figures for renewable sources.
Ten-Year Energy Plan foresees 80% of investments for oil and gas
The federal government approved, on Thursday (2/7), the Ten-Year Energy Expansion Plan – PDE 2035, prepared by the Energy Research Company (EPE). According to the publicity material for the more than 500-page document,...
Folha highlights that, of the R$3.5 trillion investments foreseen in the PDE 2035, R$2.8 trillion – 80% of the total – will be allocated to oil and gas. The value represents more than seven times the amount projected for renewable energy, which totals R$374 billion.
Compared to the previous plan (2034), the total figure increased by around R$300 billion. And almost all of this growth is destined for oil and gas, as the PDE 2034 projected R$2.5 trillion for this segment.
The concentration of investments in oil and gas reflects the development of pre-salt reserves. Therefore, the PDE projects 74% of the total value to the exploration and production (E&P) segment. According to the plan, the country will reach 2035 producing 4.9 million barrels per day – an increase of 22% over current production.
The PDE does not specifically mention direct investments in Foz do Amazonas, but states that the Equatorial Margin “is identified by experts as promising for the production of hydrocarbons”. The document reiterates the expectation that Foz will have reserves similar to those found in neighboring Guyana and Suriname, which reach 11 billion barrels.
The plan also highlights fossil gas. The fuel will experience greater growth in both supply (71%) and demand (65%) over the next ten years, according to the document. Investment in thermoelectric plants – which includes fossil gas, but also nuclear sources – is forecast at R$167 billion.
The figure predicted by PDE 2035 for renewable energy includes R$38 billion for storage systems (batteries); R$79 billion for wind energy; R$54 billion for hydroelectric plants; R$36 billion for solar; and R$115 billion for biofuels.
In the electricity sector, the government still projects R$117 billion for the transmission area. The lack of lines – and batteries – has caused the National Electric System Operator (ONS) to limit electricity generation from wind and solar plants in operation in the Northeast (cut known as curtailment).
Times Brasil, Agência iNFRA, Brasi 247 and axis reported the approval of PDE 2035.
Source: ClimaInfo
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