The Brazilian oil and gas company Petrobras and Norway’s energy group Equinor have signed a Letter of Intent (LoI) to expand their cooperation and to assess seven offshore wind projects off the Brazilian coast with the potential to generate up to 14.5 GW. The LoI will allow the assessment of the technical, economic, and environmental feasibility of the seven offshore wind projects.
The agreement is the result of the partnership signed between Petrobras and Equinor in 2018 and had its scope expanded beyond the two wind park opportunities initially planned, namely the Aracatu 1 and 2 projects, located on the coastal border between the states of Rio de Janeiro and Espírito Santo. In addition to these two projects, the new agreement provides for an assessment of the viability of the following wind projects: Mangara (on the coast of Piauí), Ibitucatu (coast of Ceará), Colibri (on the coastal border between Rio Grande do Norte and Ceará) as well as Atobá and Ibituassu (both on the coast of Rio Grande do Sul), which total seven projects, effective until 2028.
As of the end of 2021, wind represented 11% of Brazil’s installed capacity with 20.8 GW (100% onshore) and 11% of its power generation with 72.3 TWh.
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