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Brazil Expects $235 Billion in Renewable Energy During Decade

Sept. 24 (Bloomberg) -- Brazil will see $235 billion of investments in renewable-energy and biofuel projects during the next ten years, Edison Lobao, the country’s mines and energy minister, said today at a United Nations event on sustainable energy in New York.

The nation will install 36 gigawatts of hydroeletric plants, 12 gigawatts of biomass plants and 11 gigawatts of wind farms during that time, according to a transcript of the minister’s speech acquired by Bloomberg News.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Jasmina Kelemen at jkelemen2@bloomberg.net

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