Qair Brasil signs pact for USD-7bn offshore wind-based H2 project in Ceara

Signing of Qair Brasil and Ceara govt MoU. Image by Ceara govt (www.ceara.gov.br)

July 8 (Renewables Now) - Qair Brasil, a subsidiary of French company Qair Internacional, intends to invest USD 6.95 billion (EUR 5.88bn) to develop a huge green hydrogen project in Brazil’s Ceara state, supplied by offshore wind power.

On Tuesday, the state government and the energy company signed a memorandum of understanding (MoU) to cooperate on developing the 1,216-GW Dragao do Mar offshore wind park and a 2,240-MW electrolysis plant capable of producing 296,000 tonnes of green hydrogen per year.

Dragao do Mar’s output will be used to power the electrolysis plant. It will require an investment of USD 3 billion, while the remaining BRL 3.95 billion will be allocated to the green hydrogen facility within the Pecem Industrial and Port Complex.

According to the Ceara government, 2,000 jobs will be created during the construction phase of both projects and 600 for the operational stage.

(EUR 1.0 = USD 0.847)

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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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