LISBON, June 27 (Reuters) - Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition.
With a floor of 16 billion reais, the auction could unlock 200 billion reais ($41.79 billion) in investments, he said.
Currently, Brazil has no legislation in place to regulate offshore wind and green hydrogen.
In early January, Brazil's government issued a decree that opened space for the development of offshore wind power generation in the country.
"Green hydrogen is a real possibility for us to greatly expand our position in clean and renewable energy," he said.
Persons:
Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Alexandre Silveira, Brazil's, Silveira, Lula's, Catarina Demony, Miguel Pereira, Gabriel Stargardter, David Evans
Organizations:
Leftist, Energy, Shell, Petrobras, Reuters, Thomson
Locations:
LISBON, Brazil, Foz de Amazonas, Angra, Lisbon