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Shell seeks environmental license to generate offshore wind power in Brazil

Shell seeks environmental license to generate offshore wind power in Brazil By Nidhul - March 19, 2022
Shell

A wind turbine used to generate electricity is seen in the coastal of the city of Fortaleza, Brazil, April 26, 2017.

Shell (SHEL.L) announced on Friday it has applied for a license from Brazil's environmental agency Ibama to generate offshore wind power in six areas in the country.

The six projects are located in the Brazilian states of Piaui, Ceara, Rio Grande do Norte, Espirito Santo, Rio de Janeiro and Rio Grande do Sul. The total installed capacity of the projects will be 17 gigawatts.

The studies on the areas are set to begin early this year.

"The initiative demonstrates Shell's commitment to Brazil, as well as the materialization of the 'Driving Progress' strategy, focused on decarbonization goals for the energy transition," the company said in a statement.

In early January, Brazil's government issued a decree that opens space for the development of offshore wind power generation in the country.

Source: Reuters / Reporting by Laís Morais; Writing by Peter Frontini; Editing by David Gregorio

By Nidhul - March 19, 2022

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