CPFL to pay $620m for Brazilian wind farms

Brazil's largest private power generation and distribution utility, CPFL Energia, has agreed to pay $620m for Bons Ventos Geradora de Energia, a Brazilian wind power company, reports Reuters.

Bons Ventos owns four wind farms with a licensed capacity of 157.5 MW - Taiba Albatroz (16.8 MW); Bons Ventos (50.4 MW); Enacel (31.5 MW); and Canoa Quebrada (58.5 MW), a statement said.

The wind farms are located in Brazil's northeastern-coast state of Ceara and have contracts with Eletrobras (ELET6.SA), Brazil's state-controlled electricity utility holding company, to supply power for 20 years.

The portfolio of projects under development by Bons Ventos Geradora could see capacity increase to 809.5 MW, CPFL said.

For more power mergers and acquisitions news

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