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Equinor Is Seeking Investment Opportunities to Develop Offshore Wind Projects in Brazil, CEO Anders Opedal Said to Reuters on Tuesday.
In August, Equinor applied for investments in 4 GW of offshore wind projects with Ibama. Named Aracatu I and II, the schemes have a capacity of 2 GW each. Together, they will be able to generate enough energy to meet the demand of 2 million households.
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Brazil has yet to build its first offshore wind farm. Recently, the government of the state of Ceará announced its intention to connect about 5 GW of offshore wind capacity in the next five years.
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Equinor’s Presence in Brazil
Equinor has been present in Brazil for almost two decades and sees the country as a key area for long-term growth. The company is the second-largest oil operator in the country and has recently expanded its investments in renewable energy in Brazil.
The Peregrino field – in the Campos Basin – is Equinor’s most important project in Brazil and its largest international venture as an operator.
The Role of Brazil
Technology will play an important role in the future expansion of wind energy in Brazil. Such growth is projected to occur soon. Regulations for the installation of offshore wind farms are already being discussed in the Brazilian Congress, and the sector is preparing for new developments, which indeed has enormous potential, especially on the country’s northeast coast.
“In recent years, Brazil has rapidly expanded its wind power generation capacity, now exceeding 13 GW, or about 8% of the country’s total capacity. These numbers make wind power the second-largest source of electricity on the Brazilian grid. All this production is done on land, in many wind farms scattered throughout the country, but mainly concentrated in the Northeast, where the wind potential is excellent,” emphasizes Professor Simos.
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