Eletrobras, Shell mull co-investment in Brazil offshore wind power

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SAO PAULO (Reuters) – Brazilian power company Eletrobras said on Thursday it has signed a cooperation agreement with Shell (LON:RDSa) as they exchange information for a potential co-investment in offshore wind power in Brazil.

Centrais Eletricas Brasileiras SA, as the company is formally known, said the move was part of its diversification strategy in renewable energy.