The Brazilian government has granted environmental approval to RDS Energias Renovaveis to develop a 568 MW wind power project in the country’s southern state of Santa Catarina.
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Bloomberg reports that the company is in talks to sell an equity stake in the project, according to Rodrigo Nereu dos Santos, executive director of Florianopolis, Santa Catarina-based RDS. It’s expected to cost $744m.

“We are ready to go to auctions,” Santos said in a phone interview. “The project is attractive because it is big, offering gains of scale.”

Brazil installed 2.75 GW of turbines in 2015, making it the world’s fourth-biggest wind market.

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