Brazilian renewable energy developer Bioenergy is seeking up to BRL 2.12 billion ($1.05 billion) to set up three wind projects in Brazil's north-eastern state of Rio Grande de Norte. The company hopes to develop a 270 MW project and two further projects of 120 MW and 70 MW, says Bioenergy president Sérgio Marques. The company is in talks with Brazil's federal development bank BNDES, federal Banco do Nordeste do Brasil and the International Finance Corporation, the private sector arm of the World Bank. If successful, Bioenergy aims to buy turbines and equipment in 2008 and start construction in 2009, with start of commercial operations in late 2010 or 2011. The company holds out hope for either a second round of the government's Proinfa incentive program or through a new system of wind power price auctions (Windpower Monthly, June 2007). Bioenergy has previously developed the 10.2 MW Millennium wind farm in the state of Paraiba in north-east Brazil and expects it to begin commercial operation shortly. The Millennium project is in partnership with Australian company Pacific Hydro and was awarded financial support through the first round of Proinfa government funding.