Suzlon to Build First Wind Plant in Latin America
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Suzlon Energy Ltd., India’s top wind-turbine supplier, will invest as much as $50 million in a manufacturing plant in Brazil, its first in Latin America.
The plant, expected to be open in about 18 months, will have initial capacity of 400 megawatts a year, Chairman Tulsi Tanti said in an interview Wednesday. Brazilian banks will finance 75 percent of the project with the rest funded by equity.