On Wednesday, Spain’s Acciona Windpower was awarded its first contract in the burgeoning wind market Brazil. Many industry analysts expect Brazil to become the fourth-biggest wind turbine market this year because of Brazil’s goal to add 2,000 megawatts of wind generators.
The terms of the deal dictate Acciona will provide, install and maintain 40 3-MW wind turbines for a farm set up in the Rio Grande do Sul state. CPFL Renovaveis will own the project. CPFL is a part of Brazil’s largest private utilities company CPFL Group.
The turbines will be built at three different Acciona factories located in Spain and the US, but Acciona plans on building a manufacturing plant in Brazil as well.
We've been closely monitoring the wind market in Brazil since 2009, when Green Chip analysts were sent down there to cover a wind energy auction that generated $5.4 billion worth of interest.
You can see some of our earlier coverage here.