Spanish company Iberdrola has signed a contract with the Brazilian government, to build nine wind farms with total installed capacity of 258 MW.
The contract was signed after second auction, regarding the promotion of renewable energy in Brazil, the auction was organized by ANEEL agency(National Agency of Electrical Energy).
Iberdrola Renovables, in partnership with Neoenergia, has committed to supply electricity generated by these wind facilities to the Brazilian government, for a period of 20 years, starting in January 2013. Annual contract value is estimated at around 60 million.
During the bidding process between different actors represented, Iberdrola has the greatest capacity, the contract includes the installation or construction of 50 wind farms (1520 MW), five hydroelectric plants (101 MW) and a biomass plant (64 MW).
With more than 11,400 MW installed wind power capacity at the end of the first half of 2010, Iberdrola Renovables already has a wind farm in Brazil, in Rio do Fogo, with a capacity of 49 MW.
This contract should be first on the list, following a protocol agreement between Iberdrola Renovables and Neoenergia, whereby the two companies are committed to work together to jointly develop and operate "onshore" and "offshore" wind farms in Brazil.
In addition, Iberdrola Renovables and Neoenergia not exclude to form a new company by combining in equal shares (50%), the two companies.
