Bloomberg News

Acciona Windpower Wins First Brazilian Turbine Contract

April 11, 2012

Acciona Windpower, a unit of Acciona SA (ANA), won its first contract in Brazil, the country set to become the fourth-biggest wind turbine market this year.

Acciona will supply, install and maintain 40 3-megawatt wind turbines for a 120-megawatt wind farm in Rio Grande do Sul state, the company said today in an e-mailed statement. The project is owned by CPFL Renovaveis, part of Brazil’s largest private utility CPFL Group, according to the statement.

“The contract with CPFL Renovaveis opens up a new market of clear commercial interest to Acciona Windpower,” Chief Executive Officer Pedro Ruiz said. “We are entering Brazil with a strong customer that’s one of the country’s leading wind power operators.”

The company, which builds turbines at three factories in Spain and the U.S., plans to add a manufacturing plant in Brazil. Latin America’s biggest economy may install as much as 2,000 megawatts of wind generators in 2012, making it the fourth-largest market compared with 11th last year, according to the Global Wind Energy Council.

Acciona, Spain’s second-biggest wind farm operator, is based in Madrid. Its shares rose as much as 3.6 percent today, the most intra-day in two months, and were 3.4 percent higher at 49.17 euros at 11:55 a.m. local time.

Wind power in Brazil, buffeted by Atlantic winds along its coast, can compete with fossil fuel-driven power plants without subsidies, Scott Mackin, managing partner at Denham Capital Management LP, said this month. Brazil will be a key market for Denham’s new $3 billion energy and resources fund that closed on April 3, Mackin said.

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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