Copel in Talks to Buy Brazil Wind Farm From Voltalia

Brazil’s electricity distributor is negotiating to acquire 49 percent of a wind farm in the Rio Grande do Norte state in the nation’s northeast from a unit of the French developer Voltalia SA.

Cia Paranaense de Energia, known as Copel, said in a regulatory filing that the discussions cover the Sao Miguel do Gostoso, owned by Voltalia Energia do Brasil, which has four wind farms. The units obtained 20-year contracts to sell power in an auction and will start operating in April 2015.

The wind turbines will be delivered by the Spanish owner of renewable-power plants Acciona Windpower. The electric structures will be provided by Alstom SA’s energy unit. Construction work will be completed by a local company known as DoisA, which is specialized in wind projects in the state.

Copel’s board of directors along with the Cade antitrust regulator must approve the deal. Copel officials weren’t immediatly available for comment.

(Corrects location of wind farm in first paragraph of story published June 6.)
Before it's here, it's on the Bloomberg Terminal.