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.
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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