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Goldwind wants to set foot in Brazil via project buys - report

Goldwind 2.5-MW wind turbine.

October 17 (Renewables Now) - China’s Xinjiang Goldwind Science & Technology (HKG:2208) is looking to acquire wind projects in Brazil in order to create demand for its own wind turbines and eventually build an equipment factory there, Reuters reports.

Armando Abreu, the president of sector consultancy Braselco, told the news agency that Goldwind could either take part in the upcoming energy auctions in Brazil, or invest in already contracted assets that have not yet commenced construction. The Chinese company is actively holding talks with investors, he said.

At the same time, Bernardo Viana de Santana of BBMA Advogados said, as cited by Reuters, that Goldwind has been negotiating potential purchases of wind projects of between 200 MW and 300 MW in the state of Ceara. These assets would be ready to enter the auctions.

The news agency quoted other sources as saying that Goldwind had also shown interest in developments in Bahia and Rio Grande do Sul.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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