Indian wind turbine maker Suzlon Energy is to locate Suzlon Latin America division in Brazil, which is in line with its expansion strategy in the region, confirmed Arthur Lavieri, president of Suzlon’s Brazilian business to CanalEnergia.
The new business unit, which will be based in Sao Paulo, has plans to operate in the Uruguayan, Chilean and Mexican markets, as well as serving Brazil.
Suzlon currently has 400 MW of installed capacity in Brazil, with another 400 MW under development in the country.
The company also has 80 MW on line in Nicaragua.
Suzlon plans to increase its investments in the region to meet Brazil’s local content rules under the government’s Finame programme.
For 2013, the company has approved $20m for the expansion of its supply chain, and is currently looking for potential locations for future manufacturing sites, Lavieri said.
Suzlon is bullish about its future in Latin America, forecasting a portfolio of 2300 MW of installed capacity a year.