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    Wind energy can double in Brazil in five years, says Guedes in Davos


    May 25, 2022 - CE Noticias Financieras

     

      The Minister of Economy, Paulo Guedes, told a breakfast on Wednesday, 25, with interlocutors from Latin America and Asia that wind power in Brazil can make a leap, including with turbines at sea, the so-called offshore. In ten years, the share of this type of energy was zero to 10% in the country. In the next five years, it can rise to 20%.

      .

      Guedes also said that he had bilateral meetings with several companies from different sectors, such as Alibaba, YouTube, DP World, Arcelor Mittal, and the signs were that they want to increase investments in Brazil. Vestas, for example, plans to expand its facilities in the country.

      The Davos agenda is becoming more business-oriented, said Guedes. A few years ago, when he came to the event, 80% of the meetings were with politicians and the rest with companies. Now this has been inverted and 80% of the agenda is business and only 20% is with governments.

      In Wednesday's event, which was emptier than the others the minister attended, Guedes defended that with the reconfiguration of productive chains and geopolitical changes it is necessary to insist on trade and make new trade agreements.

      Brazil is breaking records in trade surplus and trade flows, with an increase in the positive balance with China. "Brazil is willing to integrate," the minister said.

      In the early 2000s, trade with the Asian country per year was $2 billion to $3 billion, while with France it was $2 billion. A little over 20 years later, trade with China jumped to $120 billion, and with the French to $7 billion. This shows, said Guedes, who is driving growth in Brazil.

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