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Rio de Janeiro to host a seminar for Italian power companies

A seminar on Italy and the energy revolution in Brazil will take place in Rio de Janeiro on 13 February. The initiative, co-organised by the Italian Embassy together with Enel, Terna, ICE Industriali and the Chamber of Commerce of Rio, aims to analyse the innovation and investment opportunities for Italian businesses in Brazil. The seminar intends to consolidate the presence of Italian companies, especially in Brazil’s electricity market, where Enel is the leading producer of wind and solar power and the top electricity distributor. At present, Italian companies operate in the sector of conventional electricity generation, power generation from renewable resources, distribution, transmission and energy efficiency. In the summer of 2018, with the acquisition of a majority share in Eletropaulo (through an investment of approximately 1.8 billion Euros), Enel became the largest distribution group in South America, with a total of 24 million users. The seminar will enable the exchange of information and proposals between the Government officials of both Countries, leading Brazilian Investment Banks, as well as the major experts of Italian companies operating in the sector. The seminar will also offer the chance to review investment opportunities in the sectors of electricity generation from renewable sources, electricity transmission and distribution, also in the light of the decisions still to be made by Brazil’s new Government. Italy is Brazil’s seventh largest supplier of goods (the second out of the European Countries, after Germany and ahead of France, holding a quota of approximately 2.6 percent of total Brazilian imports) and the eleventh market outlet of Brazilian goods (Italy holds a quota of 1.6 percent of all of Brazil’s exports).   

Italian investments in Brazil are prevalently concentrated in the processing industry (33.6%), the information and telecommunication sector (28%), electricity and gas (14.9%) and financial services (9.2%). The census made of the Italian companies present in Brazil recorded 1000 production branches and plants which significantly contribute to job creation, also through the supply chain generated. Italian companies intend to either continue to invest or boost their investments:  FCA, Pirelli and Tim have now been joined by Ternium, Enel, Gavio, Atlantia, Salini Impregilo, Intesa San Paolo, just to mention a few.