Spanish company Endesa is planning to invest $1bn in wind projects in Brazil as it competes in an auction set to open in July, according to a report by El Economista.
Borja Prado, president of Endesa, has already made his intentions to grow in Brazil very clear.
The auctions are designed to increase the level of security of the National Interconnected System (SIN) and the A-3, which aims to meet the demands for power distribution, the report added.
Endesa is focusing its growth in five wind farm projects with the combined capacity of 424 MW – in the state of Ceara, where it already operates its Brazilian subsidiary, Coelce, and in Rio Grande do Norte.
For more Wind Power news click here.