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Ocean Winds and Eletrobras partner to explore offshore wind opportunities in Brazil

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Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to collaborate on offshore wind energy projects in Brazil, aligning with the country’s renewable energy targets and economic development goals.  This partnership aims to harness Brazil’s wind resources to create a sustainable energy future while promoting local job creation and community development. OW, a 50/50 joint venture between EDP Renewables (EDPR) and Engie, has identified Brazil as a strategic market…

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Scatec ASA’s Egypt Green Hydrogen project secures €30 million grant

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Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund, securing a €30 million grant to support the project, which has a total capital expenditure of approximately €500 million. The PtX Development Fund, created by the German Federal Ministry for Economic Cooperation and Development and KfW, aims to promote Power-to-X projects in developing and emerging countries. This funding will contribute to Scatec’s green hydrogen production efforts, aligning with the fund’s…

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HIF Global announces green methanol project in Brazil

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HIF Global, a leading green fuels company, has unveiled plans to produce up to 800,000 tons of green methanol annually in Brazil. This marks the company’s first project of its kind in the country. HIF Global has signed a land reservation contract with the Port of Açu in Rio de Janeiro to develop the facility, with the port offering support for various aspects of project development. The Port of Açu, a key logistics and industrial…