Business News

Eletrobras, Shell mull co-investment in Brazil offshore wind power

Reuters
Reuters
FILE PHOTO: The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the NYSE in New York

SAO PAULO (Reuters) – Brazilian power company Eletrobras said on Thursday it has signed a cooperation agreement with Shell as they exchange information for a potential co-investment in offshore wind power in Brazil.

Centrais Eletricas Brasileiras SA, as the company is formally known, said the move was part of its diversification strategy in renewable energy.

(Reporting by Gabriel Araujo; Editing by Steven Grattan)

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