Brazil braces for offshore wind A

s the world embraces renewable energy, offshore wind has emerged as a promising sector. And with its vast coastline and wind potential, Brazil presents a lucrative opportunity for investors seeking to expand their portfolios.

The country boasts an extensive coastline that stretches over 4,600 miles and is endowed with strong and consistent winds. Its favourable climate conditions create the ideal environment for offshore wind farms. According to estimates, Brazil’s offshore wind capacity potential is 700GW, presenting a vast untapped resource waiting to be harnessed.

A firm commitment to renewable energy

Brazil’s renewable energy market has shown a strong commitment to renewable energy, with a diversified energy mix comprising hydroelectric, biomass and wind power. The government aims to increase the share of renewables in the energy matrix, opening up avenues for significant investment in offshore wind.

Investors can benefit from Brazil’s supportive regulatory framework, tax incentives, human capacity and long-term power purchase agreements, which provide stability and attractive returns on investment.

Good foundations

Brazil’s onshore wind industry is well developed, with the basic technologies needed for generation already established in the country. Naturally, it is a notable starting point from which to evolve, and serves as a significant foundation for further development in the offshore sector. Brazil’s onshore wind sector already possesses a well-prepared regulatory framework, including specific auctions and schedules, which can be used to implement new offshore wind projects.

The commissioning of more than 185GW of disclosed offshore wind projects is expected to lead to significant job creation and economic growth in the region as Brazil’s energy landscape undergoes rapid change. It is worth noting that the country already possesses a workforce that is skilled in renewable energy generation, distribution and management, as well as having high levels of expertise in maritime and naval services, which are already used in the oil exploration and production industry. This existing expertise can be effectively transferred to the renewable maritime sectors – particularly in the State of

Rio de Janeiro, which is the country’s largest producer of oil and natural gas.

More specifically, Rio de Janeiro State has a competitive advantage due to its location and its existing infrastructure: it has 395 miles of coastline with a strong and constant wind resource; it is a centre of energy consumption and consumer market proximity; it has more than 50 years of offshore services experience, with a well-established energy industry, workforce labour and established maritime and port infrastructure; and it is integrated with the national interconnected system, with established transmission and distribution lines.

A prime destination for investment

Brazil’s vast coastline, abundant wind resources, skilled workforce and supportive renewable energy policies position it as a prime destination for UK investors seeking offshore wind opportunities. By leveraging their expertise, investors can contribute to Brazil’s energy transition while reaping the benefits of a maturing industry, attractive incentives and the potential for long-term returns on investment.