April 5 (Renewables Now) - Brazil's state-owned energy research firm EPE has begun talks regarding offshore wind power projects and is working on a paper that will show the country's potential, Reuters reported on Thursday.
The subject was discussed during an internal workshop, EPE's president Thiago Barral said at a General Electric event. Besides the potential and challenges in the field, the research firm is also considering changes to the regulatory framework required to make wind offshore feasible in Brazil.
Last year, Brazilian state-run oil major Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras, signed a memorandum of understanding (MoU) with Norway's Equinor ASA (NYSE:EQNR) for possible joint investments in offshore wind farms in Brazil.
According to the 14th edition of the Global Wind Report by the Global Wind Energy Council (GWEC), 40 GW of offshore wind will be installed globally in the next five years.