RIO DE JANEIRO, Sept 21 (Reuters) - The Brazilian subsidiary
of Royal Dutch Shell will invest 3 billion reais ($565
million) in renewable energy in the country through 2025,
executives said on Tuesday.
Most of the capex is related to solar energy projects, the
executives said. The head of renewable development for Latin
America, Gabriela Oliveira, said Shell has 2GW of solar energy
projects under development and expects to reach 5GW by year-end.
The company also plans to develop natural gas-fired thermal
plant Marlim Azul and expects to begin generation by next year,
the executive said during a press conference for the launch in
Brazil of Shell Energy, the company's division focused on clean
energy and decarbonization.
($1 = 5.3106 reais)
(Reporting by Marta Nogueira
Editing by Sonya Hepinstall)
