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GE plans $35m wind turbine plant in Brazil

General Electric (NYSE:à‚ GE) plans to build a $35m plant in the northeastern Brazilian state of Bahia to assemble wind turbines as the market for wind power surges in the South American country.

The plant will be built during the next six to 12 months, Reinaldo Garcia, head of the company’s operations in Latin America, told reporters in Rio de Janeiro.

Reinaldo Garcia of GE

Today’s Energy Solutions online report that Brazil has seen interest in wind power projects take off over the past decade.

The Latin American nation has been adding about 2000 MW of new wind-power capacity every year as prices for wind power fall below the costs of other sources.

GE reportedly has secured about one-fifth of the supply contracts for those Brazilian wind farms.

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