Eletrobras and Ocean Winds have agreed to evaluate offshore wind projects in Brazil

The Brazilian power company Eletrobras signed a Memorandum of Understanding with Ocean Winds on Tuesday to study the development and deployment of offshore wind farms.

Why it's important

In the future, offshore wind farms will be a key technology for generating large amounts of renewable energy in Brazil.

The world's sixth-largest producer of onshore energy, in terms of capacity, does not have any offshore farms because it lacks a regulatory framework to support these projects.

Eletrobras, Latin America's biggest power company is Ocean Winds, a joint venture of Portugal's EDP Renovaveis with France's Engie that focuses on offshore wind project.

KEY QUOTES

Ocean Winds stated that it "directs its strategic efforts to Brazil", citing Brazil's ability to "meet long-term the growing demand for sustainable energy".

In a statement, Leonardo Soares said that the agreement would "enable the development of strategic collaboration, which will help make power generation in Brazil and the world cleaner and more renewable." Leticia Fucuchima, reporting from Sao Paulo. Writing by Andre Romani. Editing by Margueritachoy.

(source: Reuters)