Acciona Windpower Wins First Brazilian Turbine Contract

Acciona Windpower, a unit of Acciona SA (ANA), won its first contract in Brazil, the country set to become the fourth-biggest wind turbine market this year.

Acciona will supply, install and maintain 40 3-megawatt wind turbines for a 120-megawatt wind farm in Rio Grande do Sul state, the company said today in an e-mailed statement. The project is owned by CPFL Renovaveis, part of Brazil’s largest private utility CPFL Group, according to the statement.

“The contract with CPFL Renovaveis opens up a new market of clear commercial interest to Acciona Windpower,” Chief Executive Officer Pedro Ruiz said. “We are entering Brazil with a strong customer that’s one of the country’s leading wind power operators.”

The company, which builds turbines at three factories in Spain and the U.S., plans to add a manufacturing plant in Brazil. Latin America’s biggest economy may install as much as 2,000 megawatts of wind generators in 2012, making it the fourth-largest market compared with 11th last year, according to the Global Wind Energy Council.

Acciona, Spain’s second-biggest wind farm operator, is based in Madrid. Its shares rose as much as 3.6 percent today, the most intra-day in two months, and were 3.4 percent higher at 49.17 euros at 11:55 a.m. local time.

Wind power in Brazil, buffeted by Atlantic winds along its coast, can compete with fossil fuel-driven power plants without subsidies, Scott Mackin, managing partner at Denham Capital Management LP, said this month. Brazil will be a key market for Denham’s new $3 billion energy and resources fund that closed on April 3, Mackin said.

To contact the reporter on this story: Ben Sills in Madrid at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.