Iberdrola Renovables Takes Part In Massive Brazil Wind Tender
14 Dezember 2009 - 10:06AM
Dow Jones News
Spanish renewable energy company Iberdrola Renovables SA
(IBR.MC) Monday will participate in a massive tender to build and
run wind farms in Brazil.
National Electric Energy Agency, or Aneel, of Brazil later
Monday will hold an auction for 339 projects capable of generating
more than 10,000 megawatts of power in Latin America's biggest
country.
An Iberdrola Renovables spokeswoman early Monday couldn't say
exactly how much generation capacity the company will bid for.
Officials at other Iberian renewable power heavyweights EDP
Renovaveis SA (EDPR.LB) and Acciona SA (ANA.MC) weren't immediately
available for comment.
The Brazilian tender is one of the biggest around at the moment
and most wind players will have an interest in it, said Dirk
Schnitker, a trader at CM Capital Markets in Madrid.
Unlike in Spain, where the recession has strangled electricity
demand, Brazil currently needs all the generation capacity it can
get, Schnitker said.
Iberdrola Renovables is a unit of Spanish power utility
Iberdrola SA (IBE.MC), and the world's biggest wind-power
generator.
Company Web site: http://www.iberdrolarenovables.es
-By Bernd Radowitz, Dow Jones Newswires, +34-91-395-8125,
bernd.radowitz@dowjones.com;
(Jeff Fick in Rio de Janeiro contributed to this report)
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