TotalEnergies, Petrobras and Casa dos Ventos Holding have signed a Memorandum of Understanding to explore opportunities in renewable energy and low-carbon hydrogen in Brazil.
The agreement enables the three companies to jointly study investment and offtake in onshore wind, offshore wind, solar and low-carbon hydrogen in the country, capitalizing on their combined synergies.
Each outfit will bring their distinct skills to the cooperation said TotalEnegries.
Casa dos Ventos Holding, the JV formed by TotalEnergies and Casa dos Ventos has a 12GW Brazilians wind and solar energy portfolio to be developed in the coming years.
Petrobras is the largest Brazilian Energy company with recognized technical expertise in the energy domain said TotalEnergies, adding it will bring its global multi-energy know-how and industrial approach to the partnership.
“Brazil is a great country for developing renewable energies,” said TotalEnergies chairman and chief executive Patrick Pouyanné.
“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.”