Brazil power firm Brasol, backed by Siemens and BlackRock, to double investments this year
Reuters
Jun 05
Brazil power firm Brasol, backed by Siemens and BlackRock, to double investments this year
By Leticia Fucuchima
SAO PAULO, June 4 (Reuters) - Brazilian energy firm Brasol, which has Siemens SIEGn.DE and BlackRock BLK.N as its main shareholders, expects to more than double investments this year as it aims to expand core businesses and diversify its portfolio, its chief executive said.
Brasol, which operates small-sized solar power assets, expects to invest up to 2 billion reais ($354.6 million) this year, CEO Ty Eldridge told Reuters in an interview on Tuesday, up from about 900 million reais in 2024.
($1 = 5.6405 reais)
(Reporting by Leticia Fucuchima; Writing by Andre Romani; Editing by Gabriel Araujo)
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