Wind energy projects in Brazil purchased

Brazil-based CPFL Renováveis has completed the acquisition of four wind farms with a total installed capacity of 120 MW from Spain's Cobra Instalaciones y Servicios in Brazil. Terms of the deal were not disclosed.

According to Business News Americas, The deal came after CPFL Renováveis' parent company CPFL Energia (NYSE: CPL) bought shares in concessionaires Atlantic I, II, IV and V which are responsible for operating the wind farms.

Under the agreement, CPFL has the right to independently produce the wind power for 35 years.

Read more Latin America wind news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...