Brazil is set to rapidly gain momentum as a major offshore wind province in the coming decade, underpinned by growing government support and an industrial supply chain “revving up” for business, with as much as 1.3TW of technically harnessable resource up for grabs, according to a new sector report from Aegir Insights delving into the potential of the sector off South America.

The Danish analyst group said the country, which has a history of onshore wind and solar development, could see bottom-fixed offshore projects producing at a levellised cost of energy (LCOE) as low as €54/MWh ($63/MWh) in its gusty northern waters and both fixed and floating arrays off its central Atlantic coast operating at a pricier LCOE made economic by demand from urban centres such as Rio de Janeiro.