Brazil will be a safe haven for investors in offshore wind energy in the coming years. COP27 brought important discussions on the national role in the energy transition. Exports will generate jobs, income and economic development.

Brazil has everything to be one of the big names in offshore wind energy and to export green energy all over the world

Our country is a major producer of offshore wind energy and this is nothing new. However, what you probably don't know is that we could be major exporters of this green energy in the coming years. This subject is being the highlight of COP27 (United Nations Conference on Climate Change 2022). In that regard, we can have more job creation, income and economic development, through the energy transition we seek.

The statement that we can export offshore wind energy in the coming years came from Marina Rossi, Director of Energy Development at the Ministry of Mines and Energy (MME). According to her, Brazil will play a fundamental role in the energy transition and will still be able to improve its economic development. Want to know how? Read on!

Check out a little about the events of COP27 in Egypt with the video below

Offshore wind power generation has significant data in Brazil, generating self-sufficiency and even the ability to become an exporter

According to data from Abeeólica (Brazilian Association of Wind Energy), Brazil should enter 2023 with regulated wind energy production. After all, there are already more than 169 gigawatts (GW) in multiple projects that are undergoing analysis and just pending approval. Currently, Brazil already has a production of 180 GW installed, which is very encouraging for economic development.

Furthermore, our country already has a huge production onshore wind energy. According to data from the Global Wind Energy Council report, Brazil ranks 6th in the world in terms of Total Installed Capacity of Onshore Wind Energy, recorded in 2021, with 22 Gigawatts (GW). Furthermore, this is the second largest source of energy generation in the country, behind only hydraulics.

All this points to a very favorable scenario in which Brazil can gain a leading role in the energy transition and close big deals in offshore wind energy. However, for this to happen, it is essential that there be adequate regulation for investors to find the true safe haven here.

Use of clean energy in Brazil is already one of the largest on the planet

As Marina Rossi stated during an interview with the Bússola portal, Brazil has almost 47% of its energy and 85% of its electricity supply coming from clean energy. According to her, this percentage is three times higher than the world average. Therefore, we have one of the cleanest matrices on the planet, giving great recognition to becoming an exporter.

This great position on the world stage is the result of a concern with the diversification of national energy sources, in order to avoid dependence on other countries. Therefore, we are one of the pioneering countries in prioritizing biofuel policies and placing them at competitive prices in the market, compared to oil and derivatives.

National offshore wind energy sector will still have challenges to become a major exporter

Brazil still have a way to go before becoming one of the major exporters of offshore wind energy. First, the regulation needs to be finalized so that investors can see security in possible investments in Brazil.

Secondly, our country needs a restructuring of the port structure and supply chain for logistics to work. In addition, it takes a lot of technology to absorb the energy produced on the high seas and then take it to other countries.

Furthermore, the sector needs more studies in the area to facilitate this whole process and increase production capacity. However, this will only be possible based on the regulation expected to be fully released by IBAMA and federal agencies in 2023.