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.
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