Neoenergia inks MoU for offshore wind in Rio de Janeiro

Brazilian utility company Neoenergia SA (BVMF:NEOE3) announced on Tuesday it has signed an agreement with the government of Rio de Janeiro state to explore the development of offshore wind power projects.

Under the memorandum of understanding (MoU), the parties will conduct studies regarding offshore wind generation in the state's coastal region.

No further details about the agreement were disclosed at the moment.

Laura Porto, Executive Director of Renewables at Neoenergia, noted that Brazil needs a regulatory framework to support offshore wind energy deployment by providing legal and regulatory certainty and ensuring investments are allocated more assertively.

Neoenergia currently has other MoUs for offshore wind power feasibility studies in other states, such as Rio Grande do Sul and Ceara.

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