Petrobras halts offshore wind project

Petrobras informed Ibama (Brazilian Institute of Environment and Renewable Natural Resources) that it decided to suspend the pilot project for offshore wind generation in the Ubarana field, in the Potiguar Basin, coast of Rio Grande do Norte. The state said the plan was "reevaluated and suspended, while the company prospects opportunities for synergies and partnerships in order to develop a commercial offshore wind generation project in Brazil."

The initiative would be a pilot research project and Petrobras also provided for the installation of equipment to measure the generation potential about 20 km off the coast of Guamaré, in a region with an average water slide between 12 and 16 meters.

In the current management, Petrobras wants to invest in the production of oil and natural gas of pre-salt and is leaving the energy sectors, which includes selling and reducing its presence in renewable generation, both in the wind sector and in the production of biofuels. "I think after two more years of hard work the company will be more competitive and will be prepared to conclude what will be the competitive areas in renewables for Petrobras," said Andrea Almeida, the company's chief financial officer.

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