Brazil Wind Power

Acciona Wind Lands Wind Deal in Brazil

Written by Green Chip Stocks
Posted April 12, 2012

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.