Brazil‘s largest private power generation and distribution utility, CPFL Energia, has agreed to pay $620m for Bons Ventos Geradora de Energia, a Brazilian wind power company, reports Reuters.

Bons Ventos owns four wind farms with a licensed capacity of 157.5 MW – Taiba Albatroz (16.8 MW); Bons Ventos (50.4 MW); Enacel (31.5 MW); and Canoa Quebrada (58.5 MW), a statement said.

The wind farms are located in Brazil’s northeastern-coast state of Ceara and have contracts with Eletrobras (ELET6.SA), Brazil’s state-controlled electricity utility holding company, to supply power for 20 years.

The portfolio of projects under development by Bons Ventos Geradora could see capacity increase to 809.5 MW, CPFL said.

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