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Latino Daily News

Sunday June 15, 2014

Brazilian, Spanish Firms Investing $150 Million in Wind Farms

Brazilian, Spanish Firms Investing $150 Million in Wind Farms

Photo: Wind farms

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Spanish utility Iberdrola and Brazil’s Neoenergia will partner to build three wind farms in Brazil with a total installed capacity of 84 MW.

The companies’ joint venture, known as Força Eolica do Brasil, will build the three wind farms in the northeastern state of Rio Grande do Norte at a cost of 150 million euros ($200 million), Iberdrola said in a press release.

Carlango 6 will have an installed capacity of 30 MW, while Santana 1 and Santana 2 - to be built in partnership with Brazilian company Horizonte Energias Renovaveis - will have generating capacity of 30 MW and 24 MW, respectively.

The power generated by the wind farms will be carried using Força Eolica’s transmission lines in the area.

Iberdrola and Neoenergia won the rights to these projects in an auction organized by Brazil’s utility regulator, Aneel.

Once they are completed, Iberdrola will have 14 wind farms in Brazil with a combined generating capacity of 421 MW.

Iberdrola has been present since 1997 in Brazil, where it is the leading electricity distribution company by number of customers, has 2,000 MW of installed capacity, and is participating in the construction of three new hydroelectric power projects with 13,400 MW of total capacity.

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