MercoPress. South Atlantic News Agency

Spanish group receives soft funding to expand wind farms in south of Brazil

Of the 300MW programmed, 30MW are already fully operational

Spain’s Elecnor group is building more wind power plants in Brazil’s southern state of Rio Grande do Sul totalling an estimated 300 MW. The undertaking was boosted by funding from Brazil economic and social development bank, BSDES)

The funds for subsidiary Enerfin amount to 445 million Real (about 198 million Euros) in a term of 16 years and covers the last three awards won by the group in Brazil, totalling 150 megawatts of wind power.

Specifically, the wind farms of Leilões (96 MW in 2009 and 46 MW in 2010) and the wind farm Palmares, with an additional award 8 MW.

Of the 150 MW, located in the state of Rio Grande do Sul, 30 MW are already in operation, while commissioning of the remainder is expected between this year and next.

The addition of these new and previously developed MW increases the total wind power in Brazil from Elecnor to 300 MW