Australian and Brazilian companies to build wind farms in Brazil

Australian renewable energy company Pacific Hydro signed a consortium agreement with Brazilian mining company Vale to jointly build and operate two wind farms in northeast Brazil.

Under the agreement, each company will have 50 percent ownership of the projects, which are expected to be completed by late 2014. The projects will represent an investment of approximately R$650 million ($311.3 million).

Vale will receive the output from the projects under a 20-year power purchase agreement.

Operating for 20 years, Pacific Hydro has developed and operates 300 MW of wind farms and hydropower plants in Australia, where it built the country’s first commercial wind farm in 2001, operates 500 MW of run-of-river hydropower plants in Chile and 58 MW of wind farms in Brazil.

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


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...