Brazil’s northeast regional development agency has agreed to provide 478.7 million reais (£155m) to fund wind farms in the country.
Reports claim Sudene approved funding for five wind projects called Faisa, with a total capacity of 136.5MW. Indian firm Suzlon Energy is believed to supply the turbines.
The agency also provided part of the fund for an additional three wind projects under development by Spain’s Gestamp SL and Eolica Pedra do Reino, according to reports.
Earlier this year, ELN reported Japanese automotive giant Honda plans to invest around £32 million to develop a wind farm in Brazil. Another report also suggested the country’s wind farms ran at a more efficient level last year than predicted.