News / Santander buys 40% in Brazil wind venture BW Guirapa I

Santander buys 40% in Brazil wind venture BW Guirapa I

🕔 August 27, 2013
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According to local sources, Spanish banking group Santander has purchased a 40 % stake in Brazillian wind development company BW Guirapá I.

BW Guirapá I is building a project that includes seven wind farms representing a combined capacity of 170MW.

The project, with a total estimated investment of BRL630 million ($257 million), was won by Guirapa at the Energy Reserve auction performed by ANEEL in 2011. Construction of the project is expected in the second half of 2014, and a total of 92 turbines will be installed.

Brazil Wind, a wind energy subsidiary of Brazilian power company Brasil Energy, will keep 60% in BW Guirapa I.

Santander's investment in the wind farms, developed in Bahia's municipalities of Pindai and Caetite, is estimated at up to BRL 155 million (US$64.8 million/€48.4 million).

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