Iberdrola has entered into an agreement with Neoenergia to purchase 50% of the companies Força Eólica do Brasil (FEB) 1 and 2, to the value of about € 98 million. Iberdrola already had a 50% stake in the capital of these two Brazilian companies and this takeover will give it sole control over 288MW of wind power facilities in operation in the states of Bahia and Rio Grande do Norte.
FEB 1 has five wind farms with a combined installed capacity of 150MW: Calango I, IV and V, which have a capacity of 30MW each and have been in operation since September 2013; and Caetité I and II, which also have a capacity of 30MW each and were commissioned in October 2014 and March 2013, respectively. FEB 2 has a further five wind farms with an aggregate capacity of 138MW: Arizona I (28MW, in operation since October 2013); Mel II (20MW, in operation since February 2013); Calango II and III (both 30MW and in operation since September 2013); and Caetité III (30MW and in operation since March 2013). Iberdrola and Neoenergia are still the owners, with a 50% stake, of Força Eólica do Brasil (FEB), a company with a portfolio of 1,500MW in wind power projects in the country.
