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Petrobras, Total and Total Eren sign Memorandum of Understanding
Source: Energy Live News Ltd.
- By: Jonny BairstowThe companies will collaborate to help develop Brazil’s renewable energy sector
Petrobras, Total and Total Eren have signed a Memorandum of Understanding to develop Brazil’s renewable energy sector.
The state-controlled Brazilian firm will work with the French companies to analyse the joint business opportunities in the nation’s solar energy and onshore wind energy segments.
The companies signed a strategic partnership in February 2017 and are not assessing other potential areas of co-operation, such as developing high-value clean energy businesses in partnership with major international firms.
They say the main benefits in developing a partnership of this kind are reducing exposure to risk in the renewable energy business and exploiting potential economies of scale.
The companies add although the agreement is non-binding, it indicates their willingness to work together to develop projects in these segments.
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