Brazil to Explore Low-carbon Hydrogen Investment Opportunities

A MoU has been signed by TotalEnergies, Petrobras and Casa dos Ventos Holding to evaluate perspectives and joint opportunities in renewable energy and low-carbon hydrogen in Brazil. How will this help to amplify profitable hydrogen opportunities in the country?

The agreement will enable the three companies to jointly study opportunities for investment and offtake in onshore wind, offshore wind, solar, and low-carbon hydrogen in the country.

Casa dos Ventos Holding, the JV formed by TotalEnergies and Casa dos Ventos is the leader of wind and solar energy in Brazil with a 12 GW portfolio to be developed in the coming years.

Petrobras is the largest Brazilian Energy company with recognized technical expertise in the energy domain.

TotalEnergies has been operating in Brazil for almost 50 years and brings its global multi-energy know-how and industrial approach to the partnership.

On the MoU, Patrick Pouyanné, Chairman and CEO of TotalEnergies explained that Brazil has great renewable energy potential.

He said: “Brazil is a great country for developing renewable energies. We are therefore delighted to join forces with Casa dos Ventos and Petrobras to identify potential synergies between our activities, and thus develop profitable renewables opportunities.”