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GBT Brasil to Start Making First Brazil Wind Turbines This Year

March 14 (Bloomberg) -- GBT Brasil SA, a joint venture between Global Blade Technology and Feel Energia SA, said it will start producing its first wind turbines in Brazil by the end of the year.

The 900-kilowatt power units, including the towers, blades and generation equipment, will be assembled at three factories in the state of Parana, Arthur Schuler da Igreja, managing director of Toledo, Brazil-based GBT Brasil, said today in an e-mail.

Wind farms in Brazil are able to produce energy at about 90 reais ($45.72) a megawatt-hour, and factories often buy power from the grid for more than twice that, according to Igreja. One of the buyers will be Notus SA, a company composed of several GBT Brasil investors that own factories in Parana.

“The potential to reduce power bills is very attractive,” Igreja said. “Industry here pay some of the highest electricity prices in the world. If you produce your own energy you’re saving money.”

GBT Brasil is developing so-called plugs at a temporary facility in Parana to produce molds used to make blades that may be sold to other wind-farm developers in Brazil, he said.

GBT Brasil is 85 percent-owned by Feel Energia, a holding company for five construction and energy companies. The remaining shares are owned by Wieringerwerf, Netherlands-based Global Blade Technology.

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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