Fuhrlander to Sell $524 Million of Wind Turbines in Brazil
Fuhrlander AG, a German wind-turbine maker, expects to sign about 900 million reais ($524 million) worth of sales contracts in Brazil this month as it seeks to meet the country’s increasing demand for renewable energy.
Turbines with 400 megawatts of total capacity will be supplied to three developers from a factory Fuhrlander is building in northeast Brazil, Newton Lima, a project manager for the company, said today in a telephone interview. Lima said he couldn’t name the customers until the deals close.
Fuhrlander, based in Waigandshain, Germany, is building a manufacturing base in Brazil to supply the growing number of developers that have signed contracts to sell wind power in government-organized auctions.
“Brazil is a key country for Fuhrlander,” Lima said. “The wind market is maturing. Now is the right moment to step inside.”
The company will begin construction in March on a 20 million-real factory in the city of Pecem that initially will be able to produce 20 turbines a month, Lima said. The first ones should be complete in February 2013, he said.
The developers are Fuhrlander’s first customers in Brazil. They are among the companies that won contracts to sell power in a December auction. The wind farms must be complete by 2016, he said.
Fuhrlander plans to sign contracts for an additional 400 megawatts of turbines this year and may build another factory to meet future demand, Lima said.
To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
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