Petrobras announces new investments in clean energy

"Our aim is to kick-start renewable energies in the country, carbon capture, and even hydrogen and other sources," Prates said.

The state oil company "is already the largest developer of wind projects in the country," he said.

The company's president expressed his commitment to Brazil's transition to a low-carbon energy matrix.

According to him, projects to generate clean energy are likely to increase, and should be close to 15% of the state-owned company's total investments in the 2024-2028 Strategic Plan.

In this context, the oil company is due to sign a memorandum of understanding with mining company Vale to study opportunities for joint renewable energy projects.