Alexandre Silveira, Brazil’s Energy Minister, said that the country aims to pass a regulatory framework for offshore wind and green hydrogen by the end of 2023.
This will include an upcoming auction for transmission lines to transport solar and onshore wind energy from the northeast of the country to the south. Silveira said that this could unlock $40 billion in investments.
Currently, Brazil has no legislation in place to regulate offshore wind and green hydrogen. In early January, Brazil’s government issued a decree that opened space for the development of offshore wind power generation in the country. Shell and Equinor have expressed interest.
Silveira said: “We believe that by the end of the year, we will have a safe regulatory framework for offshore plants to present to the world.” He added that he also hoped to have regulation in place for green hydrogen projects over the same time frame. He said: “Green hydrogen is a real possibility for us to greatly expand our position in clean and renewable energy.”