Petrobras To Start Expanding Into Wind and Solar This Year ...Middle East

Economy by : (OILPRICE) -
Brazil’s state oil major Petrobras is this year set to go on a shopping spree in wind and solar, its chief executive told Reuters this week. The company aims to build a portfolio of stakes in wind and solar projects to the tune of 2 GW, Jean Paul Prates told the news outlet in an interview. "The market will see that the transition will be carried out in a firm and responsible way and will recognize this," Prates said, noting that the acquisitions should boost Petrobras’s share prices. The Brazilian state company’s management also…

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