SAO PAULO, Dec 15 (Reuters) – Brazilian energy firm Eletrobras (ELET6.SA) and Shell (SHEL.L) have signed a cooperation settlement to change data as they mull a possible co-investment in offshore wind energy within the South American nation, Eletrobras stated on Thursday.
The transfer marks one other step for Shell within the sector in Brazil, the place it already has a number of offshore wind tasks pending approval from environmental authorities.
It is usually a brand new improvement in renewable vitality for Eletrobras, Latin America’s largest utility, which stated it was looking for to diversify its technique within the sector after being privatized earlier this 12 months.
“Offshore wind vitality has proved to be, everywhere in the world, an increasing supply for renewable energy technology,” Eletrobras stated in a securities submitting.
The corporate, which is generally centered on hydroelectric energy crops, famous that offshore wind farms have been lately boosted by vitality insurance policies associated to environmental considerations.
Earlier this 12 months, Brazil’s authorities revealed a set of rules for the sector that will permit an public sale for offshore areas to occur as early as subsequent 12 months.
Throughout his unsuccessful re-election bid, President Jair Bolsonaro talked about Northeastern Brazil’s potential in offshore wind energy a number of occasions.
He was defeated by President-elect Luiz Inacio Lula da Silva, who has a key advisor in Senator Jean Paul Prates, chargeable for a invoice within the higher home of Congress organising a framework for the sector.
Shell, one of many world’s largest oil corporations, is at the moment awaiting for environmental company Ibama to approve tasks it has for offshore wind crops totaling 17 gigawatts in six Brazilian states.
Reporting by Gabriel Araujo and Leticia Fucuchima; Enhancing by Steven Grattan
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