Brazil president signs law authorizing offshore wind development

Reuters - 11/01
Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.
SAO PAULO, Jan 11 (Reuters) - Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.
The new law foresees incentives for the development of offshore energy projects in Brazilian territorial waters, the statement said.
Offshore wind speeds tend to be faster and steadier than on land, a potential advantage compared with wind farms built in a continent. But offshore wind farms can be expensive, difficult to build and potenti...
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