ContourGlobal, has announced that it has acquired an additional 122.6MW of installed wind capacity in Brazil through a transaction with Casa dos Ventos.
The transaction expands ContourGlobal's operations in the Chapada do Piaui wind complex located in the northeast adding a new 59.2MW fully contracted wind project (Chapada III) located adjacent to its existing Chapada I and Chapada II wind farms. Additionally, ContourGlobal has acquired Casa dos Ventos's minority interest of 5% in Chapada II and will acquire its minority interest of 15% of Chapada I as well as its minority interest of 15% in the 160 MW Asa Branca wind farm that ContourGlobal placed into operation in September 2013. The acquisition of the interests in Chapada I and Asa Branca will close imminently upon the approval of BNDES – Banco Nacional de Desenvolvimento Economico e Social, who financed both projects. With the acquisition of the minority interests, ContourGlobal will own 100% of Asa Branca and Chapada III and 51% of Chapada I and II, in partnership with CHESF - Companhia Hidro Eletrica do Sao Francisco.
