Petrobras, Equinor to jointly pursue offshore wind projects in Brazil

Offshore wind farm. Image Source: Equinor

September 27 (Renewables Now) - Brazilian state-run oil and gas company Petrobras (BVMF:PETR4) has signed a memorandum of understanding (MoU) with Norwegian peer Equinor (OSE:EQNR) to collaborate on offshore wind projects in Brazil.

The MoU does not establish any obligations for the companies to tackle energy projects but outlines their intention to work together on such developments, Petrobras said in a statement. The pact aligns with the Brazilian company's strategy to develop high-value renewable businesses in partnership with major global players to reduce carbon emissions. Both firms are also studying other potential areas for cooperation.

At present, Brazil has no offshore wind power generating capacity in operation. However, Nelson Silva, Petrobras' director of Strategy, Organisation and Management System, stated that the country has huge potential in the field.

Petrobras currently has four onshore wind farms totalling 104 MW and one 1.1-MW photovoltaic (PV) power research and development plant, it noted. Equinor's involvement in renewables encompasses three wind farms along the coast of the UK and other offshore projects under development in the UK, Germany and the US.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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