EIC ROG.e 2026 Brochure

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ROG.e #2026 Inside UK & EIC PAVILION EDITION Photo © 2003-2026 Shutterstock, Inc

THE VOICE OF THE ENERGY SUPPLY CHAIN

ROG.e (Rio Oil & Gas) 2026 issue

ROG.e 2026 preview

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21-24 September 2026

Spotlight on the UK and EIC International Pavilions

EICDataStream Special project opportunities in South America

ROG.e 2026 Introduction

Introduction It is a great pleasure to welcome all participants, exhibitors and delegations arriving in Rio de Janeiro for ROG.e – one of Latin America's largest energy sector gatherings. As regional director for the Americas at the EIC, I can affirm that Brazil is experiencing unique momentum. The country is consolidating its leadership in deepwater pre-salt production while emerging as an indispensable player in the global energy transition across natural gas, low-carbon hydrogen and decarbonisation.

Our proprietary database, EICDataStream, currently tracks over 320 active oil and gas projects in Brazil, representing US$193bn in planned CAPEX. Offshore upstream remains the industry backbone, with 75 active projects accounting for over US$120bn (62% of total oil and gas investment). Crucially, over US$54bn (~28% of planned CAPEX) has reached final investment decision (FID) and entered the EPC phase.

Furthermore, EICAssetMap highlights that Brazil hosts over 3,500 active energy assets, including 50 in-production FPSOs – making the country the world leader in FPSO operations.

This landscape is supported by a robust domestic supply chain. Through EICSupplyMap, we map 1,570 Brazilian supply chain companies, with 1,100 showing proven oil and gas capabilities. Out of 2,160 mapped equipment and service categories, Brazil leads in lower-complexity goods and engineering services, with 413 suppliers offering ancillary products and electrical engineering.

Many of those companies could be partners to new comers to the region.

For British and international companies, this environment is packed with strategic opportunity. The UK's recognised technical excellence and supply chain strength complement the scale of Brazilian projects, opening doors to valuable commercial partnerships and long-term investments.

21-24 September 2026

Rio de Janeiro

At the EIC, we actively help companies navigate market entry, including getting registered on the Petrobras website (Petronect). During the show, we invite everyone to visit the whisky tastings hosted at both the EIC International Pavilion and the UK Pavilion.

We also invite you to join us for our signature networking reception, Rio Samba & Gas, which combines Rio's vibrant culture with high-level networking.

Beyond ROG.e, the EIC hosts a regular agenda of market intelligence events, webinars and trade missions throughout the year; we warmly encourage you to check our upcoming calendar and join our next sessions.

I wish everyone a productive ROG.e. Enjoy Rio de Janeiro and count on the EIC to support your growth in Brazil.

Welcome!

Clarisse Rocha, Director – Americas clarisse.rocha@the-eic.com

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ROG.e 2026 preview

EIC PLATINUM GLOBAL PARTNER

ROG.e 2026 preview with Camilla Tew Director, EIC International Trade

UK & International Pavilions September sees the EIC International Trade team head to Brazil for one of Latin America's premier energy events – ROG.e 2026 – taking place from 21-24 September at Riocentro in Rio de Janeiro.

The EIC is delighted to once again organise and manage the UK Pavilion at ROG.e and, for the first time, launch an EIC International Pavilion, providing even more opportunities for companies to showcase their expertise and develop business across one of the world's most dynamic energy markets.

Formerly known as Rio Oil & Gas, ROG.e has evolved into the largest energy event in Latin America, bringing together operators, EPC contractors, technology providers, government representatives and key decision-makers from across the global energy industry. The 2026 edition marks an exciting new chapter as the event moves to Riocentro, Latin America's largest exhibition and convention centre. The new venue reflects the continued growth of the exhibition, offering significantly expanded exhibition space and enhanced visitor facilities. Organisers are expecting around 75,000 visitors, more than 650 exhibiting companies, over 80 sponsors and four days of conferences, technical content and networking, making ROG.e one of the region's most influential business development platforms.

We are especially pleased that this year the UK Pavilion will be located in Hall 3, adjacent to Petrobras, placing our exhibitors at the heart of the exhibition alongside one of the world's leading energy companies. In another exciting milestone for the EIC, we are also proud to introduce the first-ever EIC International Pavilion, located in Hall 4, extending our successful pavilion model to support companies from across our international membership.

Exhibiting on an EIC Pavilion offers companies far more than exhibition space. Our pavilions provide a professionally managed, high-profile presence with strong collective branding, prime exhibition locations, dedicated project management, marketing support, networking opportunities, meeting facilities and access to EIC's global expertise and regional teams. By taking care of the logistics, stand build and onsite support, we enable exhibitors to focus on developing relationships, generating leads and creating new business opportunities throughout the event.

This year, we are proud to welcome a strong line-up of companies across both pavilions. The UK Pavilion will feature Airswift, Bekaert, Bermad, BS&B Safety Systems, CRC-Evans, Heatric/Parker, Hi-Force and LRQA, representing expertise spanning recruitment, industrial manufacturing, flow control, process safety, pipeline construction, heat exchange technology, hydraulic equipment and assurance services.

Making its debut at ROG.e, the EIC International Pavilion will host Deepsea Technologies, Equipsea, Fire & Gas Detection, Hummel Connector Systems, RelyOn, STATS Group and Veolia, showcasing innovative capabilities in offshore technology, engineering services, safety systems, workforce training, pipeline integrity and environmental solutions. Together, exhibitors across both pavilions demonstrate the breadth and strength of the international supply chain supporting Brazil's offshore oil and gas industry, while also contributing technologies that will play a key role in the wider energy transition.

Visitors are warmly invited to both pavilions throughout the exhibition, where our popular whisky tasting receptions will once again provide an excellent opportunity to meet exhibitors, reconnect with industry colleagues and build new relationships in a relaxed and informal setting.

We look forward to welcoming visitors to both the UK and EIC International Pavilions and supporting our exhibitors as they engage with Petrobras, international operators, EPC contractors and the wider Brazilian energy supply chain at what promises to be the biggest and most ambitious edition of ROG.e to date.

Camilla Tew Director, International Trade camilla.tew@the-eic.com With thanks to our Sponsors: INTERNATIONAL TRADE TRAVEL PARTNER

EIC PLATINUM GLOBAL PARTNER

FX PARTNER

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UK PAVILION EXHIBITORS

EIC INTERNATIONAL PAVILION EXHIBITORS

FX PAYMENT PARTNER Corpay Cross-Border Solutions is a global leader in Global Payments and FX Risk Management solutions, helping companies protect their bottom line whilst managing their FX exposure.

Corpay can help you: • Make your payment processes more efficient • Reduce expenses associated with errors on international business payments • Give you greater visibility and control over your international business payments To find out how Corpay can help your company navigate the complexities of the Global Payments marketplace, get in touch with the Corpay Team here: www.corpay.com

ROG.e 2026 preview

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Bekaert Ropes Brasil

O40 - P1

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BERMAD BRASIL

O40 - F

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BS&B Safety Systems Ltda.

O40 - C

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CRC Evans

O40 - E

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Carbon Capture

O40 - P2

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Hydrogen

Airswift

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Oil & Gas

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Hi-Force Limited

O40 - A

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LRQA

O40 - D

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Parker (Heatric)

O40 - B

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Drilling and well equipment design and manufacture, Auxiliary equipment, Mooring Equipment, Port and Logistics, Wire ropes, Fiber ropes, Related Services.

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Waste management, Waste management, Wateroperated hydraulic control valves for fire protection systems and industrial applications.

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Rupture discs, buckling pin relief valves, safety relief valves, pressure and vacuum relief valves, emergency vents, flame arresters, explosion vents and explosion suppression.

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Coatings Cable/Pipeline Route, Pipeline design.

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Equipment manufacture, Heavy Lift, Equipment Rental/ Supply, Training. A wide range of hydraulic tools and bolting equipment are available to cater to the client’s project and application requirements. Our services include tool rental, repair and calibration, onsite services, and Hi-Force product training as well as the ECITB approved Mechanical Joint Integrity (MJI) training courses.

2nd and 3rd party inspection, supplier audits and qualification, ASME, PED and ISO certification, welding qualification, material verification, asset integrity, cybersecurity, ESG, supply chain assurance, technical advisory and training.

Components Supplier, Heat Treatment, Heat exchangers.

EIC INTERNATIONAL PAVILION EXHIBITORS Deepsea Technologies

U48 – F

Engineering Consultants, Electro-Mechanical Equipment, Project management, Subsea design and manufacture.

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EQUIPSEA

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Fire & Gas Detection Technologies, Inc.

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HUMMEL CONNECTOR SYSTEMS LTDA.

U48 - G

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RelyOn

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STATS Group

U48 - D

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Veolia

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Steel Fabrication, Equipment manufacture, (testing, certifications&documentations), cladding, Pressure Tests (up to 30 kpsi) alied to its certification and documentation. Flowline manufacturing. Epoxy Coating.

Safety Equipment, Safety Systems, Fire & Gas Detection Instruments.

Cable Protection, Electro-Mechanical Equipment, Electrical & Instrumentation, Equipment Manufacture, Cable glands for automation and hazardous areas, circular connectors, flexible conduits, and industrial boxes.

Training, Security Systems, Business Development Impact assessment, Centers of Excellence: PetroSkills, a leading provider of technical development for the oil, gas, and energy sectors; CAVU, specializing in leadership, human performance, and decision-making in critical environments; and Simwave, a leader in highfidelity maritime and offshore simulation.

Engineering support, Equipment manufacture, Equipment Rental/Supply, Specialist Tools & Technology provider.

EPC, Operation and Maintenance contractor, Water Treatment, Chemicals, Gas treatment, Produced water treatment, Carbon capture, membrane supply, spares parts, engineering services, training services, new energy.

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ROG.e 2026 floorplan P1 Bekaert

UK Pavilion Hall 3

P2 Airswift P1 P2

O40-A Hi-Force

O40 UK Lounge

O40-B Heatric/ Parker

Non UK Stands 6

O40-D LRQA

Photo Copyright © 2026 STATS Group

O40-C BS&B Safety Systems

STATS Group expands North American manufacturing with major Texas investment

O40-E CRCEvans

O40-F Bermad

ROG.e 2026 floorplan

EIC International Pavilion EIC MEMBER

NON MEMBER

Hall 4

U48-A Veolia

U48-H RelyOn

U48-B Equipsea

U48-G Hummel Connector Systems

U48-F Deepsea Technologies

Image 2026 © Copyright Veolia

U48-E Fire & Gas Detection

Veolia relies on its 17,500 water technology experts to deliver innovative solutions that drive both performance and sustainability

U48 EIC Lounge

U48-D STATS Group

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Projects in South America

Special project opportunities in South America

DataStream

by Mariana Messere EIC Energy Analyst (Oil & Gas) - Americas

Number of Projects

New project announcements since 2021 New project announcements since 2021 500 450 400 350 300 250 200 150 100 50 0

2021

2022 Renewables

2023 O&G

2024

2025

Energy Transition

Power + T&D

2026

However, traditional hydrocarbons remain a fundamental pillar of the portfolio, with oil and gas projects totalling over US$438bn overall. Within this segment, upstream activities capture 27% of total regional CAPEX, equivalent to US$283bn and driven by major offshore developments. The midstream and downstream sectors each comprise 7%, underscoring the continued need for logistical infrastructure, gas processing and refining upgrades. Finally, the conventional power sector contributes a 5% share (around US$52bn), reflecting sustained demand for dispatchable capacity to ensure overall grid reliability amidst the broader transition.

Graph 1: New project announcements from 2021 by sector.

South America has witnessed a dynamic shift in project announcements since 2021, reaching over 1,725 new projects logged on EICDataStream, out of up to 2,000 active and future projects tracked. While the region experienced a peak in 2023, subsequent years have shown a clear market rebalancing.

Traditional renewable energy announcements have trended downwards, a decline largely driven by severe curtailment issues and transmission bottlenecks that are temporarily stalling greenfield developments in key markets such as Brazil and Chile. Conversely, the energy transition sector – encompassing nascent technologies such as low-carbon hydrogen and CCS – is steadily advancing, gaining momentum in parallel with the maturation of new regulatory frameworks across the continent.

At the same time, the power generation and transmission and distribution (T&D) segments are showing resilience, fuelled by the pressing need to alleviate grid congestion, alongside increasing demand for stable and reliable energy.

The region's energy CAPEX outlook presents a balanced portfolio between traditional energy and the green economy, with renewables accounting for a 26% share of projected investments, representing US$278bn in capital commitments. This proportion purposefully excludes the offshore wind sector, which currently remains highly uncertain; including its massive early-stage pipeline would unrealistically inflate the renewable share to 52% (over US$850bn), despite most of these developments being unlikely to move forward in the near term. Hydrogen follows closely as a major clean tech segment, holding a 22% share and reflecting the substantial capital requirements of upcoming export-oriented hubs. When combined, these energy transition initiatives, alongside mature renewables, amount to over US$540bn in the regional pipeline.

For more information visit...

www.the-eic.com/MarketIntelligence/EICDataStream

South outlook SouthAmerica Americaenergy Energy CAPEX CAPEX outlook

Midstream 7%

Transmission & Distribution 3%

Power 5%

Energy Storage 3%

Upstream 27%

Downstream 7% Hydrogen 22%

Renewables 26%

Graph 2: South America energy CAPEX outlook.

Analysing the top four regional markets, Brazil's overwhelming dominance in capital expenditure is directly tied to its massive volume of active developments, giving it a commanding lead with hundreds of projects across the pipeline. This project count explains why Brazil captures most of the region's renewable and conventional power CAPEX, while also securing a major share of the emerging carbon capture market. In the upstream segment, Brazil's pre-salt dominance is strongly complemented

by Guyana, which accounts for a significant share of offshore capital due to its prolific deepwater discoveries.

Chile and Argentina, by contrast, leverage highly specialised project profiles to capture targeted sectoral CAPEX. Despite having fewer total developments compared to Brazil, Chile commands near-total dominance in energy storage CAPEX while also holding a substantial volume of hydrogen projects, allowing it to share regional clean tech leadership with Brazil. Meanwhile, Argentina's investment profile is heavily concentrated in the midstream sector, reflecting a high density of pipeline and processing projects designed to monetise its substantial shale gas reserves and position the country as a future global LNG exporter.

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Projects in South America

Share of CAPEX by energy sector among the top 4 countries in South America Share of CAPEX by energy sector among the top 4 countries in South America

El Trapial-Este Block Drilling Programme (Vaca Muerta Shale) Operator: Chevron Project Stage: Conceptual Design Value: US$13,800m Startup Year: 2031

Cocuina-Manakin Gas Field Operator: bp Project Stage: Conceptual Design Value: US$500m Startup Year: 2031

100% 80% 70%

LLL Oil Field Development (Vaca Muerta Shale)

60%

Operator: YPF Project Stage: Conceptual Design Value: US$10,000m Startup Year: 2031

50% 40% 30% 20% 10% 0%

Haimara Gas/Condensate Field (Stabroek Phase 9) Operator: ExxonMobil Project Stage: Feasibility Value: US$6,000m Startup Year: 2031 Budião-Palombeta Oil Fields (SEAP II/P-87 FPSO)

90%

% of Total CAPEX

Renewables

Upstream

Hydrog en

Midstream Brazil

Chile

Downstream Argentina

Power

Transmission & Energy Storage Distribution

Carbon Capture

Guyana

Graph 3: Share of CAPEX by sector among the top 4 countries in South America.

Since 2025, 39 oil and gas projects across South America have reached a positive final investment decision (FID), with 10 secured in 2026. Activity is divided between deepwater frontier expansions and a push towards regional energy transition and security, focusing on biofuels, decarbonisation, midstream infrastructure and downstream conversions and upgrades. In the offshore sector, Brazil and Guyana continue to dominate upstream CAPEX, driven by major deepwater developments like Petrobras's SEAP complex (which will involve two new FPSOs, P-81 and P-87, to be built by SBM) and the recently announced ninth phase of Exxon's Stabroek block targeting the Haimara gas field. Projects are also progressing in the Falkland Islands, Colombia, Suriname and Venezuela, with potential to unlock major offshore gas resources.

Concurrently, Argentina's Vaca Muerta shale expansion is driving midstream logistics, evidenced by new pipelines, gas processing plants and fractionator projects. The country is also betting on becoming a major LNG exporter, with FLNG projects led by Southern Energy (SESA) and YPF advancing in Río Negro province. Argentina's Large Investment Incentive Regime (RIGI) is underpinning this growth by providing a more attractive framework for large-scale energy investments, particularly in LNG and midstream infrastructure. Meanwhile, Brazil is also investing in downstream self-sufficiency and decarbonisation, pushing substantial capital into corn ethanol plant expansions, biomethane facilities and biofuels expansion in operating refineries. Petrobras is also leading fertiliser capacity expansion with the approved resumption of the Três Lagoas plant.

Oil and O&G GasCAPEX CAPEX by project stage by project stage $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0

Feasibility

Conceptual Design Downstream

Pre-FEED Midstream

FEED

EPC

Upstream

Graph 4: Oil and Gas CAPEX by project stage and sector.

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Operator: Petrobras Project Stage: EPC Value: US$6,000m Startup Year: 2030 Agulhinha-Cavala Oil Fields (SEAP I/P-81 FPSO) Operator: Petrobras Project Stage: EPC Value: US$6,000m Startup Year: 2031

Sea Lion Oil Field (Phase 1 – Aoka Mizu FPSO)

Golfinho Cluster Infill Drilling Project (Phase 1)

Operator: Navitas Petroleum Project Stage: FEED Value: US$2,100m Startup Year: 2028

Operator: BW Energy Project Stage: EPC Value: US$450m Startup Year: 2028

Figure 1: Upstream projects of interest.

Upstream Argentina LLL Oil Field Development (Vaca Muerta Shale) US$10-25bn, YPF The investment programme for the 2026-2031 period aims to expand unconventional oil production across five contiguous blocks in Vaca Muerta.

El Trapial-Este Block Drilling Programme (Vaca Muerta Shale) US$13.8bn, Chevron Unconventional oil project at the El Trapial block in the northern portion of Vaca Muerta. The project represents one of the largest investments in Argentina's shale industry.

Brazil Golfinho Cluster Infill Drilling Project (Phase 1) US$450m, BW Energy BW has taken the FID on an infill drilling campaign at its Golfinho offshore cluster, in the Espírito Santo Basin.

US$170m CAPEX has been committed to long-lead items.

Budião-Palombeta Oil Fields (SEAP II/P-87 FPSO)/ Agulhinha-Cavala Oil Fields (SEAP I/P-81 FPSO) US$12bn, Petrobras The Sergipe-Alagoas Basin is located roughly 80km off Brazil's north-eastern coast in ultra-deep waters. The units will have a combined capacity of 240,000b/d.

Falkland Islands Sea Lion Oil Field (Phase 1 – Aoka Mizu FPSO) US$2.1bn, Navitas The Sea Lion field is planned to be developed in three phases. Phase 1 will utilise Bluewater's Aoka Mizu FPSO. Guyana Haimara Gas/Condensate Field (Stabroek Phase 9) US$6bn, ExxonMobil Exxon has been instructed to execute a detailed Environmental Impact Assessment (EIA) for the project.

First oil is planned for 2031.

$180,000

CAPEX (US$m)

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Venezuela Cocuina-Manakin Gas Field US$500m, bp BP has signed a MoU to develop the cross-border gas field and explore opportunities in the offshore Loran field.

Projects in South America

Monteverde Refinery (Phase 1) Operator: DRL Engineering Project Stage: Pre-FEED Value: US$3,500m Startup Year: 2030

Neuquén-San Matias Gulf Gas Pipeline Operator: Southern Energy (SESA) Project Stage: EPC Value: US$1,300m Startup Year: 2028

SEAP Gas Pipeline Operator: Petrobras Project Stage: FEED Value: US$700m Startup Year: 2030

Três Lagoas Nitrogen Fertiliser Complex Operator: Petrobras Project Stage: EPC Value: US$1,000m Startup Year: 2029

Wales Thermal Power Plant (GTE – Phase 2)

Jandaia Gas-Fired Power Complex

Operator: Government of Guyana Project Stage: Conceptual Design Value: US$700m Power Capacity: 250MW Startup Year: 2028

Operator: Eneva SA Project Stage: EPC Value: US$1,000m Power Capacity: 1,199MW Startup Year: 2029

Caranavi Thermal Power Plant

Nova Era Gas-Fired Power Plant

Operator: YPFB Project Stage: Conceptual Design Value: US$150m Power Capacity: 140MW Startup Year: 2028

Operator: Natural Energia Project Stage: EPC Value: US$200m Power Capacity: 166MW Startup Year: 2028

Figure 2: Midstream and Downstream projects of interest.

Figure 3: Power projects of interest.

Midstream Brazil SEAP Gas Pipeline US$700m Petrobras Petrobras has launched the EPCI tender for the SEAP subsea pipeline. The 134km gas pipeline will receive processed gas from the P-87 (SEAP II) and P-81 (SEAP I) FPSOs and will have a capacity of 18MMm³/d.

Start-up is expected in December 2030.

The power generation and transmission and distribution (T&D) segments are demonstrating resilience across South America. Growth in conventional and dispatchable generation is being driven by the pressing need to alleviate grid congestion and ensure system reliability, alongside rising demand for power to support emerging data centres.

Argentina Neuquén-San Matías Gulf Gas Pipeline US$1.3bn Southern Energy (SESA) The project's inclusion in Argentina's RIGI framework has been approved. The 472.5km gas pipeline will be built to deliver Vaca Muerta shale gas to two FLNG units to be deployed in the San Matías Gulf, Río Negro province. Construction is expected to commence in August 2026.

Downstream Brazil Três Lagoas Nitrogen Fertiliser Complex US$1bn Petrobras Petrobras has approved the final investment decision (FID) to restart construction works still in H1 2026.

The estimated investment is around US$1bn, with startup expected in 2029. Contract signings with suppliers are expected to follow soon.

Ecuador Monteverde Refinery (Phase 1) US$3.5bn MV Refinerías MV Refinerías SA is the Quito-based subsidiary of DRL Engineering that will take on the development of the Santa Elena refinery. The facility will be designed to process up to 80,000b/d of Napo and Oriente heavy crude oil into high-quality fuels dubbed Euro 5. Jet fuel, high octane naphtha and LPG would also be produced.

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In Brazil, the National Electric Energy Agency (ANEEL) held the 2nd 2026 Capacity Reserve Auction (LRCAP), awarding 18.97GW of capacity for delivery between 2026 and 2031.

Natural gas-fired plants accounted for the bulk of the contracted capacity (15.2GW).

Brazil Nova Era Gas-Fired Power Plant US$200m Natural Energia Natural Energia has obtained a dispatch license for a 166MW gas-fired power plant in Piraí, Rio de Janeiro, following the project's award at Brazil's 2nd 2026 Capacity Reserve Auction (LRCAP) in April, which secured 18.97GW of supply for 2026-2031.

Jandaia Gas-Fired Power Complex US$1bn Eneva Eneva and Diamante have started construction of the 1.1GW gas-fired complex comprising the Jandaia II and Jandaia III thermal plants at Pecém Port in Ceará.

Bolivia Caranavi Thermal Power Plant US$150m YPFB A 140MW gas-fired power plant in Caranavi, La Paz Department, forms part of the first phase of the Mayaya Centro gas field, an onshore exploration block with gas to be delivered via a proposed 34km Alto Beni-Caranavi pipeline.

Guyana Wales Thermal Power Plant (GTE – Phase 2) US$700m Government of Guyana Guyana's 2026 national budget allocated US$51.5m to advance the gas-to-energy (GTE) programme, including funding to complete Phase I by end-2026.

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Projects in South America

Planned renewable capacity in the top 5 markets (2026-2031)

El Campano Solar PV Project Operator: Atlas Renewable Energy Project Stage: EPC Value: US$125m Power Capacity: 100MW Startup Year: 2027

Planned renewable capacity in the top 5 markets (2026 - 2031) 120.00 100.00

Capacity (GW)

14

80.00 60.00 40.00 20.00 0.00 Brazil

Chile Solar – PV

Peru Onshore Wind

Bolivia

Colombia

Hydroelectric

Graph 5: Planned renewable capacity in the top 5 markets (2026-2031).

In the power generation sector, the region continues its massive expansion of wind and solar capacity, though the strategic focus has decisively shifted towards grid security and system resilience. Colombia's recent 2026 long-term energy auction marks a pivotal milestone, successfully securing 15-year power purchase agreements (PPAs) to diversify its energy matrix away from drought-vulnerable hydropower. This mechanism is driving substantial CAPEX into utility-scale solar and onshore wind across the La Guajira region.

Similarly, Brazil's 2026 Reserve Capacity Auction (LRCap) has been crucial in contracting dispatchable power, both from modernised hydroelectric facilities and conventional thermal plants, to ensure grid stability amidst a highly intermittent renewable matrix. This demand for firm, reliable generation is being increasingly amplified not only by the need to balance green energy but also by the surging baseload requirements of emerging data centres and regional industrial electrification, prompting a strategic resurgence in gas-fired power investments to guarantee uninterrupted supply.

However, this rapid renewable expansion has severely strained existing infrastructure, making transmission the primary bottleneck across the continent. In Brazil, the critical curtailment of wind and solar generation in the Northeast has led to estimated financial losses of R$6bn, forcing the government to accelerate its infrastructure response.

To unlock future generation projects and resolve grid congestion, the country is executing a series of mega transmission auctions, projecting approximately R$120bn (around US$24bn) in transmission and distribution investments up to 2035. Analogous high-voltage direct current (HVDC) expansion programmes are also being fasttracked in Chile and Peru to reliably connect new renewable nodes to major demand centres.

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Monte Aguila Solar PV Project Operator: Grenergy Renovables Project Stage: EPC Value: US$264m Power Capacity: 340MW Startup Year: 2027

Solar Paraiso Solar PV Project Operator: Casa dos Ventos Project Stage: EPC Value: US$470m Power Capacity: 640MW Startup Year: 2027

Figure 4: Renewables projects of interest.

Brazil Solar Paraíso Solar PV Project US$470 Casa dos Ventos Casa dos Ventos has secured long-term power supply agreements for the 640MW Solar Paraíso project in Mato Grosso do Sul, supporting demand from Ascenty's Brazilian data centres and Carrefour under separate offtake arrangements. The development will also incorporate lowcarbon solar tracker technology supplied by NextPower and materials from ArcelorMittal and Voestalpine.

Operations are expected to begin in 2027.

Colombia El Campano Solar PV Project US$125m Atlas Renewable Energy; Isagen Atlas Renewable Energy has reached financial close on the 99.9MW El Campano solar project in Córdoba, Colombia, securing COP454bn (US$126.2m) in funding with support from FDN and BBVA. The facility was awarded under Colombia's reliability charge mechanism and has secured long-term contracted revenues through a firm energy obligation (OEF) agreement.

Chile Monte Aguila Solar PV Project Monte Aguila Battery Energy Storage System (BESS) US$265m (Solar) US$240m (BESS) Grenergy Grenergy has secured US$268m in non-recourse financing and started construction of the 340MW Monte Aguila solar-plus-storage project in Biobío, which forms part of Grenergy's Central Oasis platform and will operate under a 12-year power purchase agreement (PPA) with Codelco.

Commercial operations are targeted for 2027.

Projects in South America

CAPEX by country and sector (2026-2031)

CAPEX by country and sector (2026 - 2031) 140,000

Lucas do Rio Verde BECCS Plant

Pecém Port Green Ammonia Plant

Operator: FS Bioenergia Project Stage: FEED Value: US$90m Power Capacity: Undefined Startup Year: 2027

Operator: Fuella AS Project Stage: Pre-FEED Value: US$1,560m Power Capacity: Undefined Startup Year: 2031

Paulinia SAF Plant (JetBio)

Morro Pintado Green Hydrogen Project

Operator: Summit Agricultural Group Project Stage: Feasibility Value: US$2,000m Power Capacity: Undefined Startup Year: 2030

Operator: Maturati Participações Project Stage: Feasibility Value: US$2,400m Power Capacity: Undefined Startup Year: 2031

CAPEX (US$bn)

120,000 100,000 80,000 60,000 40,000 20,000 0 Brazil Hydrog en

Chile

Argentina

Energy Storage

Alternative Fuels

Peru

Uruguay

Carbon Capture

Graph 6: Energy transition CAPEX by country and sector (2026-2031).

South America's clean tech landscape has transitioned from conceptual planning towards the establishment of robust regulatory frameworks and early-stage engineering.

2026 is characterised by securing environmental licences, advancing front-end engineering design (FEED) studies and forming strategic offtake agreements.

The approval of Brazil's low-carbon hydrogen framework and Chile's National Green Hydrogen Action Plan are critical milestones, unlocking a combined potential of over US$50bn in future CAPEX for export-oriented hubs in regions such as Magallanes, Pecém and Açu.

Concurrently, carbon capture and storage (CCS) legislation is progressing to decarbonise heavy industries using depleted offshore reservoirs.

In the advanced biofuels sector, Brazil is driving significant early-stage capital into the market through the Combustível do Futuro programme. This legislative push is accelerating the development of major SAF (sustainable aviation fuel) and HVO biorefineries, positioning the industry to meet upcoming 2027 aviation decarbonisation mandates.

Meanwhile, energy storage is rapidly scaling from pilot initiatives to essential infrastructure; Chile is tendering multi-million-dollar utility-scale BESS (battery energy storage systems) to mitigate severe solar curtailment in the Atacama, while Brazil is beginning to formally integrate batteries into its capacity frameworks to ensure firm supply.

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Figure 5: Energy transition projects of interest.

Hydrogen Brazil Pecém Port Green Ammonia Plant US$1.56bn, Fuella AS Fuella has selected Thyssenkrupp Uhde to undertake preFEED studies for its green hydrogen and ammonia project at the Pecém Port Complex in Ceará. The contractor will be responsible for integration engineering covering the electrolysis systems, balance of plant and ammonia export infrastructure.

The development is expected to produce around 400,000 tonnes of green ammonia annually for export markets.

Morro Pintado Green Hydrogen Project US$2.4bn, Maturati Participaões ApexBrasil has announced an estimated US$2.4bn investment to support development of the green hydrogen project in Rio Grande do Norte under the German H2Uppp programme.

The facility, backed by Brazilian and German partners, is expected to produce 80,000tpa of green hydrogen using power supplied by the 1.4GW Morro Pintado renewable complex.

Carbon Capture Brazil Lucas do Rio Verde BECCS Plant US$90m, FS Bioenergia FS Bioenergia has begun drilling activities to support geological assessment of the storage area for the project, which will capture CO2 emissions from ethanol production at the Lucas do Rio Verde plant and store them in saline formations in the Parecis Basin. The development has secured funding from BNDES' Mais Inovação programme, with first injection targeted for mid-2026 and commercial operations expected in 2027.

SAF Brazil Paulínia SAF Plant (JetBio) US$2bn, Summit Agricultural Group JetBio, an investment platform controlled by Summit Agricultural Group, has announced plans to develop a US$2bn sustainable aviation fuel (SAF) plant in Paulínia, São Paulo. The facility is expected to produce 1bn litres of SAF annually through the ethanol-to-jet (ETJ) pathway using corn and sugarcane-based ethanol, with construction targeted to begin in H2 2027 and first production expected in 2030.

EIC (Energy Industries Council)

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October – December

EIC Events calendar 2026 EVENTS

DATE

LOCATION

Great Shift Change Webinar with TRS and WSP

1 October

EIC Houston Office

Meet the Buyer with Constellation

1 October

Webinar

The Humber Energy Transition: Unlocking Supply Chain Opportunities

6 October

Village Hotel, Hull, UK

ADIPEC 2026 – What to Expect

6 October

Webinar

EIC Breakfast in Rio: Business Opportunities with Baker Hughes

6 October

Rio de Janeiro

EICDataStream/EICAssetMap training

7 October

Online

EIC World Energy Supply Chain Awards 2026

8 October

Milan, Italy

GCC Energy Market and Project Update

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19-23 October

Mozambique

Africa Market and Project Update

20 October

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20 October

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Hydrogen Technology World Expo I UK Pavilion

20-22 October

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21 October

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EIC World Energy Supply Chain Awards 2026

22 October

Dubai

EIC World Energy Supply Chain Awards 2026

22 October

EIC Houston Office

EIC World Energy Supply Chain Awards 2026

29 October

London

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29 October

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1 November

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2 November

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ADIPEC I UK Pavilion

2-5 November

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4 November

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12 November

London

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12 November

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EIC World Energy Supply Chain Awards 2026

12 November

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17 November

Rio de Janeiro

EIC CONNECT UK & Ireland Energy 2026

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18 November

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30 Nov-4 Dec

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EICDataStream/EICAssetMap training

2 December

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The UK Nuclear Opportunity: Connecting Projects and Supply Chains

8 December

London

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10 December

EIC Houston Office

Technical Workshop: AI in Energy Supply Chain

11 December

EIC Houston Office

EICDataStream/EICAssetMap training

16 December

Online

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January – December

CONNECT Indonesia 2027 EVENTS

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World Future Energy Summit I UK & EIC Pavilion

12-14 January

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Beijing Energy Congress I UK Pavilion

13-15 January

Beijing China

Trade Delegation to Nigeria 2027

18-22 January

Lagos, Nigeria

Made in Scotland: The Energy Transition

19 January

Aberdeen, UK

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13-15 April

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26 April

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7-9 September

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