Released October 24, 2024 | SUGAR LAND
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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Eletrobras (NYSE:EBR) (Rio de Janeiro, Brazil) and Ocean Winds (Madrid, Spain) signed a memorandum of understanding on Tuesday to share knowledge and work together to advance offshore wind development in Brazil. The signing took place during the Brazil Wind Power event in Sao Paulo.
The agreement seeks to create a major offshore wind partnership aimed at exploring Brazilian opportunities. Ocean Winds has considerable experience in offshore wind developments, with a project portfolio of 18.5 gigawatts (GW) in eight countries. Additionally, the company has registered projects for 15 GW with IBAMA, Brazil's environmental regulator, in the states of Rio de Janeiro, Piauí, Rio Grande do Norte, and Rio Grande do Sul.
Eletrobras is one of the region's largest electricity suppliers with a heavy presence across Brazil. The company is the nation's leader in power generation, with participation in about 22% of Brazil's installed capacity and owning roughly half of the country's transmission lines with voltage greater than or equal to 230 kilovolts (kV).
"Eletrobras aims to allocate its capital appropriately through the development of clean energy projects, contributing to the energy transition in Brazil and around the world. Today, 97% of the energy generated by the company already comes from clean and renewable sources, and we will quickly reach 100% through the sale of thermal power plants underway. The company has also set itself the goal of becoming Net Zero by 2030, always aiming for a more sustainable future," said Leonardo Soares, M&A and business development director for Eletrobras.
The Brazilian government, led by President Luiz Inacio Lula Da Silva, has launched plans to develop the nation's renewable energy matrix as part of Brazil's New Growth Acceleration Program (Novo PAC). The program foresees investments of US$17 billion in renewable energy between 2023 and 2026. Of those, US$5 billion is expected to be invested in wind projects.
According to Brazil's energy regulator, ANEEL, the South American nation has 32.4 GW of wind power capacity in operation, with most of the projects located in the northeast part of the country. Another 3.2 GW capacity is under construction, and 20.9 GW of wind projects have yet to be built, according to ANEEL.
Currently, wind power represents 15.6% of Brazil's electricity matrix.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
The agreement seeks to create a major offshore wind partnership aimed at exploring Brazilian opportunities. Ocean Winds has considerable experience in offshore wind developments, with a project portfolio of 18.5 gigawatts (GW) in eight countries. Additionally, the company has registered projects for 15 GW with IBAMA, Brazil's environmental regulator, in the states of Rio de Janeiro, Piauí, Rio Grande do Norte, and Rio Grande do Sul.
Eletrobras is one of the region's largest electricity suppliers with a heavy presence across Brazil. The company is the nation's leader in power generation, with participation in about 22% of Brazil's installed capacity and owning roughly half of the country's transmission lines with voltage greater than or equal to 230 kilovolts (kV).
"Eletrobras aims to allocate its capital appropriately through the development of clean energy projects, contributing to the energy transition in Brazil and around the world. Today, 97% of the energy generated by the company already comes from clean and renewable sources, and we will quickly reach 100% through the sale of thermal power plants underway. The company has also set itself the goal of becoming Net Zero by 2030, always aiming for a more sustainable future," said Leonardo Soares, M&A and business development director for Eletrobras.
The Brazilian government, led by President Luiz Inacio Lula Da Silva, has launched plans to develop the nation's renewable energy matrix as part of Brazil's New Growth Acceleration Program (Novo PAC). The program foresees investments of US$17 billion in renewable energy between 2023 and 2026. Of those, US$5 billion is expected to be invested in wind projects.
According to Brazil's energy regulator, ANEEL, the South American nation has 32.4 GW of wind power capacity in operation, with most of the projects located in the northeast part of the country. Another 3.2 GW capacity is under construction, and 20.9 GW of wind projects have yet to be built, according to ANEEL.
Currently, wind power represents 15.6% of Brazil's electricity matrix.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
