The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Iberdrola Wins 258 MW Contract for 9 Brazilian Wind Farms

Iberdrola Renovables, in a consortium with local energy company Neoenergia, is to supply Brazil with electricity from 9 wind farms over 20 years for €60 million ($77 million) a year.

The contract was awarded in a recent tender for renewable energy, organised by Brazil's Agencia Nacional de Energia Electrica (Aneel), which determined contracts for 50 wind farms (1,520 MW), five hydroelectric plants (101 MW) and a biomass facility (64 MW).

Iberdrola was picked to supply electricity from nine wind farms, with a total installed capacity of 258 MW, for a 20-year period starting in January 2013.

The wind giant’s success in Brazil's second renewable's tender – in which it was awarded the most megawatts among the chosen operators – may reflect its recent memorandum of understanding with Neoenergia, a Brazilian energy holding company, to jointly develop and operate onshore and offshore wind farms in Brazil.

As the top power distributor in northeast Brazil, Neoenergia can help Iberdrola expand in one of South America’s most promising wind markets.

Iberdrola, whose 11,400 MW of installed capacity includes the 49 MW Rio do Fogo wind farm in Brazil, may also form a 50-50 joint venture with Neoenergia to participate in Aneel’s future tenders.

Iberdrola has operated in Brazil since the 1990s and has targeted the country as a key country in its expansion into Latin America.

Through Neoenergia, Iberdrola is the leading electricity distributor in northeast Brazil, with over 44% of the regional market last year.

Iberdrola also holds stakes in Cosern (Rio Grande state), Celpe (Pernambuco state) and Coelba (Bahia state), which enabled the company to supply 28,300 GWh to nearly 8.8 million users in Brazil in 2009.

Untitled Document

RELATED ARTICLES

Sinovel Wind’s Loss Widens on Fewer Orders, Asset Impairment

Reed Landberg, Iain Wilson, Abhay Singh, Bloomberg Sinovel Wind Group Co., once China’s biggest supplier of wind turbines, said its loss more than doubled in the first ...

Wind Power is Breaking Down International Border Barriers

Vince Font In an important “model of collaboration” between the U.S. and Mexico, the first ever cross-border wind farm has been ...

Why Do Germany’s Electricity Prices Keep Falling?

Rachel Morison, Bloomberg Chancellor Angela Merkel cemented Germany’s shift toward an economy powered by renewable energy in 2010 with her “Ene...

German Renewables Investors To Fund Iranian Wind Farm

Anna Hirtenstein, Bloomberg Development Environment Arvand Co., a German-Iranian renewables developer, signed an agreement to build a 48-megawatt...

PRESS RELEASES

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

Early Bird Registration Deadline for GRC Annual Meeting is This Week

The deadline for early-bird rates for registration for the biggest annual geothermal ev...

Redesigned HydroWorld.com Video Gallery

Hydropower news and information, and interesting promotional announcements are now avai...

FEATURED BLOGS

Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

The True Cost of Electric Vehicles in Australia

In order to avoid increased congestion, further greenhouse warming and lessen Australia’s reliance on imported ...

The Coming Multi-trillion Dollar Energy Investment Drive

In coming years, a multi-trillion dollar low-emission energy investment drive will get underway. Three catalysts wil...

The Perfect Elevator Pitch

The elevator pitch is a concise statement that grabs attention and communicates value, ideally leading to a next step...

FINANCIAL NEWS

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Europe – in partnership with GWEC, the Global Win...

There is now 128.8 GW of installed wind energy capacity in the EU (appro...

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Distributed Wind Energy Workshop

Description: Distributed wind energy is electricity that is produced for...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Fact Check: AWEA represents American wind power

The American Wind Energy Association (AWEA) is proud of its members for ...

Koch Professor drops his Koch title, still makes same errors plus s...

The Koch Professor’s title isn’t the only thing that’s...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS