Rio
de
Janeiro:
Brazil's
WEG
has
signed
a
memorandum
of
understanding
with
Spain's
Grupo
M
Torres
Olvega
Industrial
to
create
a
joint
venture
for
construction
and
installation
of
wind
turbines,
plus
operation
and
maintenance
services.
The
groups
also
signed
a
technology-transfer
accord
for
the
joint
venture,
which
will
be
a
50-50
partnership
for
development
in
Brazil.
"This
partnership,
beyond
allowing
us
to
participate
more
directly
in
the
business
of
wind-
energy
generation,
gives
us
the
agility
to
attend
to
the
growing
demand
of
the
national
market,"
says
Harry
Schmelzer,
president
of…
