On January 10, 2025, Brazilian President Luiz Inácio Lula da Silva sanctioned Bill No. 576 of 2021, which regulates the utilization of offshore energy potential. This legislation establishes a framework for generating renewable energy through offshore wind turbines installed on fixed or floating platforms on the seabed.
The newly enacted law marks a regulatory milestone for offshore energy in Brazil, providing guidelines for energy generation in areas under federal jurisdiction, including territorial waters, the exclusive economic zone, and the continental shelf. It emphasizes the production of electricity from renewable sources.
Additionally, the law includes incentives aimed at developing the national industry, creating jobs, and enhancing the country's energy security while integrating economic and environmental considerations. To ensure sustainability, it mandates requirements for the decommissioning of projects and the restoration of exploited areas, as well as prior consultations with affected communities, respecting traditional maritime practices and local culture.
The revenues generated from signing bonuses, occupancy fees, and a proportional share of the energy produced will be allocated among the federal government, states, and municipalities, with investments primarily directed towards research, technological innovation, and sustainable development.