Brazil partners eye Piauí wind growth

Brazilian renewables company Casa dos Ventos and its partners plan to invest R$4bn ($1.7bn) through to 2018 to build about 632MW of wind farms in the northeastern state of Piauí, the state's government said.

Casa dos Ventos has been building up its portfolio over the past six years, and has sold power in both the regulated and the non-regulated markets.

Construction of the first projects in the town of Caldeira Grande started in February.

Casa dos Ventos is controlled by the Salus FIP equity fund owned by the Araripe family. Most of the regulated market wind projects sold power during the 2013 auctions.

In several projects, Casa dos Ventos is partnering with US energy company Contour Global and subsidiaries of federal power company Eletrobrás.

Piauí is one of the newest locations for wind development in Brazil to win capacity in recent auctions.

According to state government figures, it has a potential of 7GW in renewables, of which 1.4GW of wind power is being developed.

Other companies such as Queiroz Galvão Renováveis, Ômega Energia and Atlantic Energias Renováveis are also active there.