Brazil is seeking to diversify its energy sources and will have more than 7 gigawatts in wind power generation capacity by the end of 2014, enough for about 13 million homes, according to Brazilian wind power association Abeeolica.
Eletrosul Centrais Eletricas SA, a Brazilian state-run power company, received authorization from the Planning Ministry to borrow 66.8 million euros ($84 million) from German bank KfW to expand a wind farm.
The resources will be invested in the expansion of its Cerro Chato wind power unit, Eletrosul said in an Oct. 3 statement. The Florianopolis-based company will add 48 megawatts to the wind energycomplex in the southern state of Rio Grande do Sul.
Eletrosul’s total investment in the expansion of Cerro Chato is $118 million and after that, the wind farm will have installed capacity of 216 megawatts.
The financing is part of a 100 million-euro plan from the German bank. The resources may be loaned to Eletrosul for wind and solar energy generation.