Portuguese group to invest in wind power in Brazil

28 December 2010

Lisbon, Portugal, 28 Dec – Portuguese group Martifer is to invest 300 million reals in construction of four wind farms in northeast Brazil, an operation carried out in partnership with Banco Santander Brazil, said the group’s chief executive.

Speaking to newspaper Oje, Jorge Martins said that the four farms would have an installed capacity of 90.3 megawatts and, under the terms of the contract, would be operating by July, 2012.

Martins added that the partnership announced to the market between Martifer Renováveis, the group’s renewables company, and Santander Brasil would need to get the go-ahead from the Brazilian authorities.

Two wind farms will be located in the state of Ceará and the remaining two in the state of Rio Grande do Norte, thus significantly increasing Martifer’s installed capacity in Brazil, which is currently 14 megawatts. (macauhub)