Spanish renewables giant Iberdrola continues its global buying spree with the purchase of a 400MW wind pipeline in the Brazilian state of Bahia through its local Neoenergia subsidiary.
The company has signed an agreement with PEC Energia to acquire a portfolio of early-stage development projects in Serra da Gameleira that cover a total area of about 7,800 hectares.
The total value of the acquisition may reach €12.88m
