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The City of London, Financing the Offshore Wind and Hydrogen energy transition in Brazil
Banco do Brasil, City of London
The City of London, Financing the Offshore Wind and Hydrogen energy transition in Brazil
Back once more to the City and Pinners Hall for another session involving global finance and the burgeoning offshore wind and hydrogen sectors.
There is much talk of building a bridge between Brazil and the UK by a host of speakers looking to build upon the UK's world anchor and leadership position
As the Brazilian Offshore Wind market opens we a deep- dive discussion of the opportunities and challenges faced by investors, developers, supply chain and industry in general keen on realising the eye-popping 1228GW market.
With the resource there how to make it happen – development will require finance, the banks and the City
Not all bank headquarters are the same as I quickly discovered on Old Broad St - just down from the Bank of England.
significantly, the Banca Do Brasil which has a dramatic entrance replete with four- storey indoor waterfall and tropical vegetation which made a lovely back drop to the day’s proceedings
Invited speakers and panellists included ABEEólica, Shell (my former company), Porto do Açu, DLA Piper, DIT, and UK Export Finance. The Banco do Brasil, who showed their commitment in also providing a speaker
As with Namibia in Paris last month, the dynamism emanating from the countries Embassy was also in evidence
Brazil has been in the news for all the wrong reasons and its refreshing that my own sectors can help revive a somewhat tarnished reputation. The SEC conference back in February proving something of precursor to today’s session:
Charley Rattan
Fabio Machado General Manager at Banco do Brasil opened the seminar and indicated the full support from the hosts
Insightful presentations and encouragement also came from:
· Marco Longhi, MP - Trade Envoy to Brazil
· Anjoum Noorani - British Consul-General, Rio de Janeiro
Presentation by ABEEólica - Brazilian Wind Energy Associati
: Elbia Gannoum - Chief Executive Officer at ABEEólica
All pieces of the jigsaw are coming together as major projects are de-risked at the earlies stage and offtakers and finance brought into the fold as we saw down the street at last Autumn’s City event
Further insights were gained from a presentation by DLA Piper
· Marcelo Frazão - Partner and Co-Head of the Energy and Natural Resources Practice of DLA Piper
· Bruce Chen - Of Counsel at DLA Piper Panel Discussion moderated by Ieda Gomes, Non-Executive Board Director - Energy, Infrastructure, Construction and Utilities and Councillor at the Brazilian Chamber of Commerce
The offshore wind and hydrogen section from the Port of Acu fell foul of a few technical gremlins but the cheery team improvised, and I share the graphic below in the hope the community may find it of interest
Thanks for the invite Daniella Carneiro, the proactive and engaging Head of the Energy and Decarbonisation Committee of the Brazilian Chamber.
There is much more to come in the offshore wind and hydrogen sector for Brazil
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