Chinese state-owned enterprises are making significant investments in Brazil’s energy and infrastructure sectors, surpassing R$ 280 billion ($51 billion). This growing Chinese interest marks a notable shift in Brazil’s economic landscape, with companies like State Grid leading the investment wave by acquiring key electricity distribution networks in Sao Paulo and Rio Grande do Sul.
State Grid plans to invest R$ 28.4 billion ($5.1 billion) by 2028 in improving these networks, along with an additional R$ 150 billion ($27.3 billion) in renewable energy generation and transmission infrastructure. In total, Chinese companies aim to invest R$ 200 billion ($36.36 billion) in Brazil, emphasizing their commitment to the country’s development.
Other Chinese enterprises like Energy China, CTG, SPIC, and CRRC are also expanding their presence in Brazil, signaling China’s increasing economic influence in the region. These investments highlight a new era of cooperation between China and Brazil, reshaping the country’s infrastructure and energy sectors for a more sustainable future.
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