Tractebel to Develop $69 Million Brazilian Wind Turbine With WEG

Tractebel Energia SA (TBLE3), Brazil’s biggest power utility by market value, and equipment supplier WEG SA will spend 160 million reais ($69 million) developing a wind turbine using local technology.

The companies plan to install a 3.3-megawatt turbine next to the Jorge Lacerda coal-fired power plant in four years, Florianopolis-based Tractebel said today in an e-mailed statement.

WEG will invest 88 million reais in the project and Tractebel the rest, according to the statement.

Most wind turbines in Brazil have been designed and developed abroad, Yayoi Sekine, a Sao Paulo-based analyst for Bloomberg New Energy Finance, said today in a telephone interview.

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To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

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