ENERGY SECTOR SET TO ATTRACT BRL 3.2 TRILLION IN INVESTMENTS BY 2034

The Ministry of Mines and Energy (MME) and Energy Research Company (EPE)’s Ten-Year Energy Expansion Plan (PDE) 2034 calls for BRL 3.2 trillion in investments over the next decade, with 78% going to the oil and gas industry. Domestic Energy Supply (OIE) is expected to grow 2.2% year to 394.3 million tons of oil equivalent (toe) by 2034. Energy availability per person will rise from 1.45 toe/inhabitant in 2024 to 1.72 in 2034, still below the 2019 global average. Most power generation will be renewable (86.1%). Biomass and solar energy will boost self-production and distributed generation from 15% to 17%. The plan emphasizes an equitable energy transition with renewables making up 50% of the matrix by 2030.
Source: Gov.br / Udop (*Translated by Ia Niani)