Dec 12, 2014 - Spanish firm Gestamp Wind said Thursday it had secured a 20-year contract for the output of a wind power project in Brazil, part of new 224 MW it plans to build in the country in the next four years.
The company, owned by Spanish engineering group Corporacion Gestamp, already has 112 MW in operation and 128 MW under construction in Brazil. With the additional projects, it will reach 464 MW in 2018.
The new wind farm represents an investment of EUR 45 million (USD 55.9m) in Rio Grande do Norte state and will generate annual revenue of EUR 5.6 million during the 20 years.
Gestamp Wind was among the winners at the A-5 energy auction in November. The company said it will continue to participate in the energy auctions in Brazil, one of the largest emerging markets of wind energy.
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