Brazil’s state-run oil firm Petrobras (PETR4.SA) and Norwegian energy provider Equinor (EQNR.OL) on Monday said they signed an agreement to evaluate development of seven wind projects offshore Brazil.
The proposed projects would deliver a combined capacity of 14.5 gigawatts of power if confirmed, Petrobras CEO Jean Paul Prates said at the CERAWeek energy conference in Houston.
The project could cost $70 billion if confirmed in its entirety, with production starting in six to 10 years. The study phase of the project will last until 2028, the companies said.
By Sabrina Valle via Reuters