Ocean Winds, Latin America’s Largest Power Utility Company Join Forces on Brazilian Offshore Wind

October 23, 2024, by Adnan Memija

Ocean Winds, a joint venture between EDP Renewables and ENGIE, and Eletrobras have signed a memorandum of understanding (MoU) to study the development of offshore wind in Brazil.

The agreement was signed during a ceremony attended by Elio Wolff, Vice President of Strategy and Business Development of Eletrobras, and Rafael Munilla, Chief Business Development Officer of Ocean Winds, and was presented at the most recent edition of the Brazil Wind Power event held in São Paulo, organized by ABEEolica and Informa.

The partnership combines Ocean Winds’ experience in offshore wind projects, from origination to operation, with the knowledge of Eletrobras, Latin America’s largest power utility company.

“Eletrobras aims to allocate its capital appropriately through the development of clean energy projects, contributing to the energy transition in Brazil and around the world”, said Leonardo Soares Walter, M&A and Business Development Director for Eletrobras.

“Today, 97% of the energy generated by the company already comes from clean and renewable sources, and we will quickly reach 100% through the sale of thermal power plants underway. The company has also set itself the goal of becoming Net Zero by 2030, always aiming for a more sustainable future.”

Ocean Winds has a project portfolio of 18.5 GW across eight countries. In 2023, the company launched OW Brasil, its Brazilian arm working on development opportunities of offshore wind projects in the country.

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Ocean Winds submitted applications for environmental permits to the country’s Institute for Environment and Natural Resources (IBAMA) for projects totalling 15 GW located in the states of Rio de Janeiro, Piauí, Rio Grande do Norte, and Rio Grande do Sul.

“Ocean Winds is pleased to announce our partnership with Eletrobras, combining our offshore wind expertise with Eletrobras’ extensive energy legacy in Brazil. We look forward to building a long-term relationship with Eletrobras to assist Brazil in tapping into its natural wind resources for a sustainable energy future, while also promoting local job creation and community development“, said Rafael Munilla, Chief Business Development Officer of Ocean Winds.