Corio, Prumo Team Up to Explore Using Brazilian Port for Offshore Wind Projects

Business & Finance

March 27, 2024, by Adnan Memija

Corio Generation and Brazilian port developer Prumo have signed a Memorandum of Understanding (MoU) to explore using the Port of Açu, north of Rio de Janeiro State, for the deployment of Corio’s future offshore wind projects.

Corio Generation Prumo Brazil — *Source: Corio Generation*

Under the agreement, the two companies will explore using the Port of Açu as a strategic base for Corio’s offshore wind deployment, involving the potential reservation of a dedicated area for future wind farm installation, operation and maintenance.

“To support the deployment of offshore wind farms in Brazil, it is critical that we have first-class port infrastructure for wind farm installation, operation and maintenance,” said Jonathan Cole, CEO of Corio Generation.

“At Corio we know how important partnerships are to the successful delivery of major energy infrastructure. This is why we’re delighted to work with regional leader Prumo to explore the future potential of the Port of Açu as a strategic base for a pioneering new industry that could bring enormous benefits to the people of Brazil.”

Port of Açu, the largest deep water and private industrial port complex in Latin America, is expected to play a key role in supporting Brazil’s offshore wind sector due to its location and proximity to proposed wind farm sites, said Corio Generation.

“We already have 33 GW of offshore wind projects off the coast of the Port of Açu under licence by Ibama (the Brazilian Institute of Environment and Renewable Natural Resources). Around 35% of a wind project is logistical, so this makes the Port of Açu with its excellent infrastructure an unbeatable solution for the installation of these wind farms,” said Rogério Zampronha, CEO of Prumo.

Corio Generation is aiming to develop five Brazilian fixed-bottom offshore wind farms, totalling up to 6 GW, together with the Brazilian power generation company Servtec.

According to our previous news, the projects are the 1200+ MW Costa Nordeste off the northeast coast of Brazil, the 1200+ MW Vitoria off the southeast coast of Brazil, the 1200+ MW Guarita, the 1200+ MW Cassino, and the 1170+ MW Rio Grande projects located off the south coast of Brazil.

Corio Generation is a portfolio company of Macquarie’s Green Investment Group, operating on a standalone basis. Launched in April 2022, Corio already has one of the world’s largest offshore wind development portfolios, now at over 30 GW.