INSUBCONTINENT EXCLUSIVE:
Observers believe these steps will happen by 2025, creating a path for auctions between 2026 and 2027.Industry leaders see strong
opportunities in this sector, especially since offshore wind complements existing offshore oil exploration and production.In March,
Petrobras and Equinor initiated a partnership to examine seven offshore wind projects in Brazil
Many firms already requested environmental licenses for such endeavors.Their proposed areas often overlap with oil wells, fiber-optic
cables, marine habitats, bird migration routes, and zones sheltering threatened species.Private Energy Players Anticipate $2 Billion
Offshore Wind Surge as Brazil Nears Approval
Around 20% of these areas see competing claims from multiple companies.Offshore Wind Energy in BrazilIndustry representatives believe old
offshore oil platforms can provide stable bases for wind turbines, cutting both decommissioning and installation costs
Such measures could reduce overhead and shorten project timelines.Experts note that the new law includes unrelated provisions that could
grant subsidies worth $440 billion
These measures could raise electricity bills by about 7.5%.These extra benefits flow to renewable energy, natural gas, and coal sectors,
reflecting intense lobbying
Roberto Ardenghy, believes market logic justifies accepting such legislative compromises
He claims that if offshore wind projects require strange provisions, then so be it.The institute fought in Congress for the new framework
and now awaits final approval and regulation
Investors, free of paternal controls, prepare to commit large sums, expecting future returns.
