Petrobras and Equinor Explore Offshore Wind in Brazil
Petrobras has signed a MOU with the Norwegian company Equinor to evaluate a joint business development in the offshore wind energy industry in Brazil.
The MoU does not establish obligations for the parties to undertake any business but indicates the intention of the companies to work together to develop projects in the offshore wind energy industry. The two companies have been researching other potential areas for cooperation including the development of renewable energy initiatives.
Joint studies with Equinor are part of Petrobras' strategy to develop high-value businesses in renewable energy and transition to a low carbon matrix. InApril, Petrobras signed an MOU with BP and Petrobras to explore potential joint commercial agreements in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil.
Earlier this year, Petrobras joined the Oil and Gas Climate Initiative (OGCI), a CEO-led group of oil and gas companies that intends to lead the industry’s response to climate change, pooling knowledge and collaborating on action to reduce greenhouse emissions. The OGCI’s existing members include BP, CNPC, Eni, Pemex, Repsol, Saudi Aramco, Shell, Statoil and Total.
Petrobras has four wind farms in partnership, totaling 104 MW in installed capacity. The company also owns a 1.1 MW solar photovoltaic power research and development plant in Rio Grande do Norte where the operations of four types of technology are currently under evaluation.
Equinor operates three wind farms along the coast of the U.K. and is involved in the development of other offshore wind projects in the U.K., Germany and the U.S. Equinor is a pioneer in the development of solutions for deep water offshore wind farms.