Ibitu wants to invest in renewable energy in Brazil

The resource manager Ibitu reported, last Wednesday (15), that it foresees an investment between 4 billion and 5 billion reais in renewable energy in Brazil in the next five years. 

According to the company, the contributions will be made through Ibitu Energia, which is the new name given to the company after the operation, through which Castlelake began operating a portfolio of local enterprises that totals 832 megawatts in capacity. 

According to the company's president, Gustavo Ribeiro, the company's goal is to double the installed capacity in the next five years. "We are evaluating all possibilities to sustain our expansion and work simultaneously to stabilize the company's operational, organizational and financial aspects," he said. 

In addition, the company also said it is with new wind, solar or hybrid generation projects (combining both sources) that would total more than 1.2 gigawatts.

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