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Copel Gets Approval for Brazil Wind-Farm Joint Venture With Weg

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July 28 (Bloomberg) -- Cia. Paranaense de Energia, the Brazilian utility known as Copel, received approval from the country’s antitrust regulator to form a joint venture with the wind-turbine manufacturer Weg SA for a power plant in the southern state of Parana.

Weg SA will own 87 percent of the venture and Copel will own the rest, according to a notice today in the government’s official gazette. The Usina Eolica Palmas II project is expected to have 4.2 megawatts of capacity.

The companies didn’t disclose how much they are investing in the venture.

To contact the reporter on this story: Vanessa Dezem in Sao Paulo at vdezem@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Jim Efstathiou Jr.

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