TotalEnergies, Petrobras, and Casa dos Ventos pursue renewable ventures in Brazil

In a collaborative effort to tap into Brazil’s renewable energy potential, TotalEnergies, Petrobras, and Casa dos Ventos Holding have inked a memorandum of understanding (MoU). This partnership aims to explore joint investment and offtake opportunities in onshore and offshore wind, solar, and low-carbon hydrogen sectors within Brazil.

This alliance seeks to leverage the unique strengths of each company. Casa dos Ventos Holding, a joint venture between TotalEnergies and Casa dos Ventos, stands as a frontrunner in Brazil’s wind and solar energy landscape, boasting a 12-gigawatt (GW) portfolio set for development in the upcoming years. Petrobras, Brazil’s energy giant, offers its vast technical expertise in the energy sector. Meanwhile, TotalEnergies contributes its global multi-energy proficiency and industrial strategy to the mix.

TotalEnergies has been a significant player in Brazil for nearly half a century, operating through six subsidiaries. The company currently employs more than 3,500 individuals across various sectors, including Exploration & Production, gas, renewable electricity, lubricants, chemicals, and distribution.

Patrick Pouyanné, chairman and CEO of TotalEnergies, expressed his enthusiasm about the collaboration. “Brazil presents a promising landscape for renewable energy development. Partnering with Casa dos Ventos and Petrobras allows us to harness potential synergies and pave the way for lucrative renewable ventures,” he remarked.