Latin America

Alstom snatches $1.35bn Brazilian wind deal from GE

Renova Energia has awarded Alstom a contract to provide more than $1.35bn of turbines in what is believed to be South America’s largest ever wind order.

Alstom won the contract ahead of the Brazil-based developer’s current supplier General Electric (GE).

The project involves the installation of 440 onshore turbines with 1200 MW of capacity, starting in 2015.

According to Renova Energia chief financial officer Pedro Pileggi:”The deal put on the table by Alstom was better. Price is always important. By providing manufacturers with long-term planning capabilities they’re able to reduce costs.”

Demand for wind turbines in Brazil is expected to come close to tripling in 2013 to 2024 MW from 732 MW in 2012, according to data compiled by Bloomberg.

“Two years ago, virtually all of our onshore wind turbine sales were in Europe,” Jerome Pecresse, president of Alstom’s renewable power unit told the news agency.”Now, more than half are in Latin America.”

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