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Chinese Energy Company Said in Talks for Brazil Wind Farms

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CGN Meiya Power Holdings Co. is in talks to invest as much as 2 billion reais ($638 million) in Brazilian wind farms, which would be the first time a Chinese energy company is venturing into the Latin American wind market, said people with direct knowledge of the matter.

CGN Meiya is in talks to acquire a minority stake in two projects under development by Casa dos Ventos, said three people close to the negotiations who asked not to be identified because the matter is private. The wind complexes have a combined capacity of 392 megawatts and are set to go into operation in September.