Italy's Ropatec to enter Brazil wind equipment market by next year - report
Nov 30, 2012 - Italy-based vertical-axis and small wind turbines producer Ropatec Srl will start operations in Brazil by the beginning of 2013, Brazilian daily Terra reported yesterday.
The company will invest BRL 3 million (USD 1.4m/EUR 1.1m) to open a local unit, the daily wrote citing Ropatec's CEO, Fernando Miceli.
Initially, the unit will import equipment from Italy but later will produce some of it. In Brazil, Ropatec will first focus on the development of wind energy projects for medium and large-sized industries, condominiums, ports and airports. Other options to be explored by the company are wind-powered irrigation of farms and implementing of wind as a complementary source of energy for small-scale hydroelectric plants when their reservoirs are empty, the CEO reportedly outlined.
Ropatec is currently negotiating partnerships with two investors for its operations in Brazil via which the company expects to conquer the markets of other Latin American countries, according to Miceli.