Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to explore offshore wind energy opportunities in Brazil.
The two companies will collaborate to progress offshore wind projects, aligning with Brazil’s renewable energy targets and economic development objectives.
OW chief business development officer Rafael Munilla stated: “We look forward to building a long-term relationship with Eletrobras to assist Brazil in tapping into its natural wind resources for a sustainable energy future, while also promoting local job creation and community development.”
OW, a 50/50 joint venture between EDP Renewables (EDPR) and Engie, has identified Brazil as a key market due to its substantial potential to fulfil the increasing long-term demand for renewable energy.
The country’s commitment to the energy transition and the generation of opportunities for local supply chains and communities were the other driving factors.
The collaboration between OW and Eletrobras will bolster Brazil’s energy goals and promote sustainable development and economic growth.
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By GlobalDataEletrobras mergers and acquisitions and business development director Leonardo Soares Walter stated: “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.
“The agreement signed with Ocean Winds allows the development of a strategic cooperation, which will contribute to ensuring that the generating sources in Brazil and the world become increasingly cleaner and renewed, guaranteeing the decarbonisation of the economy with energy security.”
EDPR and ENGIE are integrating their offshore wind assets and project pipeline under OW, beginning with 1.5GW under construction and 4GW under development.
By 2025, OW plans to reach between 5 and 7GW of projects in operation or construction, and between 5 and 10GW under advanced development.
The primary target markets of OW include Europe, the US and selected Asian countries, where the majority of the growth is anticipated.
