Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Brazil

Brazil

E.on launches JV in Brazil and Chile

BRAZIL: E.on has created a 50/50 joint venture with Brazilian energy company MPX Energia to develop power generation projects in Brazil and Chile.

The venture will seek to develop 20GW of power-generating capacity, which will include wind power and other renewables. The move is E.on’s first investment in the Brazilian market.

Speaking about the deal E.on CEO Johannes Teyssen said: "The strategic partnership, combining MPX’s local expertise and access to natural resources with E.on’s global scale and capabilities, will enable us to create significant value in thermal and renewable power generation in Brazil."

Eike Batista, MPX’s Chairman of the Board, said: "Through this JV, MPX will be able to leverage E.ON’s global platform, expertise in cross-technology project development, senior management experience and extensive capabilities in generation."

Brazil completed 1GW of installed wind capacity last year and expects 11.53GW installed by 2019.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
[DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs