Brazil’s Environment Minister Joaquim Leite said Wednesday that the country, Latin America’s largest economy, will offer itself to the international community as a secure and low-cost supplier of clean energy at a time of rising inflation, especially in Europe.
Brazil’s offer of low-cost energy from renewable sources will be presented at the November UN Climate Change Conference in Egypt.
“Brazil has much lower energy costs than the European Union. With energy prices rising in Europe, many industries will see the clean energy the country generates as an opportunity,” the minister said.
During his participation in the public broadcaster’s Voice of Brazil program, companies in global value chains sought a place where energy of all types is accessible.
“Brazil offers clean energy options at lower costs in this time of crisis,” he added.
The Environment Minister highlighted that Brazil had broken the record for onshore wind power with 21 gigawatts (GW), taking into account that the Itaipu hydroelectric plant (the second largest in the world) has an installed capacity of 14 GW and installed solar energy is on the order of 14 GW.
The Minister explained that surplus wind energy could be converted into green hydrogen for export.