TotalEnergies and the Government of Rio de Janeiro announced the signing of the Memorandum of Understanding (MoU) to collaborate with the development of offshore wind generation in the State. The agreement, which lasts for 2 years, includes the company’s collaboration in studies related to fiscal and tax incentives and the expansion of the GRID system for future projects.
“We are excited about this partnership with the Government because it reinforces TotalEnergies’ synergy with the expansion movement of the offshore wind market. The Company has recognized experience in the segment. The signature is in line with our strategy to achieve carbon neutrality by 2050 and with our commitment to long-term investment in the country”, says Charles Fernandes, General Director of TotalEnergies EP Brasil and Country Head of the Company in Brazil.
In Brazil, TotalEnergies has been evaluating areas since last year for environmental licensing of offshore wind projects. At the end of 2022, the company announced the signing of an MoU with Prumo Logística, a holding company controlled by the EIG and responsible for the development of the Port of Açu, for studies aimed at installing logistical support bases in Açu to support wind projects that may be developed by TotalEnergies.
TotalEnergies in Brazil
TotalEnergies has been operating in Brazil for almost 50 years, through 6 subsidiaries, and today employs more than 3,500 people in its business segments, in exploration and production activities, gas, renewable energies (solar and wind), lubricants, chemical products and distribution.
TotalEnergies’ Exploration & Production portfolio currently includes ten licenses, four of which are operated assets. Additionally, TotalEnergies won, in December 2022, a new non-operated deepwater exploration block in the Campos basin (Água Marinha, 30%), whose Production Sharing Contract should be signed in the first half of 2023. In 2022, the company’s average production in the country was 104,000 barrels of oil equivalent per day.
TotalEnergies is investing in the growth of the renewable energy segment in Brazil. Total Eren, a subsidiary of TotalEnergies, has 300 MW of solar and wind projects in operation. In October 2022, the company entered into a partnership with Casa dos Ventos, the main renewable energy player in Brazil, to jointly develop a renewable energy portfolio of 12 GW.
TotalEnergies also operates in the Brazilian fuel distribution market with a network of approximately 240 service stations, as well as several storage facilities for petroleum products and ethanol.