Investments in the offshore wind energy market are on the rise in Brazil and worldwide
Investments in offshore wind energy projects in new and emerging markets in the coming year will see offshore wind gain a larger share of the total wind energy market globally, according to Fitch Solutions.
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There are currently more than 66 GW of Offshore Wind Investments in pre-construction or construction of almost 162 GW of wind energy projects in these phases, and the majority of these are in the Western Europe region. However, from 2021 onwards, countries outside this region will help drive growth, with the United States (9,1 GW), Taiwan (5 GW), South Korea (3,4 GW) and Poland (2,5 GW) and the northeast region of Brazil are the most significant in this context.
Petrobras and Equinor stand out in investments in this market
Earlier in 2018, Petrobras, the Brazilian oil and gas major, signed a Memorandum of Understanding (MoU) with Equinor to jointly develop the offshore wind energy segment in Brazil.
Equinor recently announced that it has submitted a request to the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA) for an environmental impact assessment required to study the possibility of developing an offshore wind energy project in the country.
Offshore wind energy market expected to grow even more in 2021
Globally, the report forecasts an increase in offshore wind distributed generation capacity growth in 2021, as projects that were delayed in 2020 will be accelerated in the coming year, especially those with tight commercial operation timelines.
Brazil has been the scene of investments, shareholders from other countries are already looking at the Brazilian waters and winds for the application of the new offshore wind energy market.
