Alstom bags USD-433m wind turbine order from Renova in Brazil

Jul 22, 2014 - French group Alstom SA (EPA:ALO) unveiled on Monday a wind turbine order worth some EUR 320 million (USD 433m) for Renova Energia’s (BVMF:RNEW11) 355.5-MW Umburanas project in Brazil.

The contract includes the supply, installation and commissioning of all 127 turbines that will make up the wind farm complex in Brazil's Bahia state. Alstom will manufacture the ECO 122, ECO 110 and ECO 100 machines for the project at its plant in Camacari, located in the same state. Deliveries are to take place between January 2017 and January 2018.

This deal with Brazilian renewables firm Renova is part of a larger wind turbine supply agreement between the two companies signed in 2013 for over 440 units with a total capacity of around 1,500 MW. The accord also calls for Alstom to provide operations and maintenance services.

So far, the French company has secured wind orders amounting to 2,500 MW in Brazil, while globally it has installed or is working on 200 wind farms with a combined capacity surpassing 5,000 MW.

Alstom recently approved an offer made by US conglomerate General Electric (NYSE:GE) to buy the French group's thermal, renewables and grid operations for an equity value of EUR 12.35 billion.

(EUR 1 = USD 1.352)

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