Iberdrola Partnership to Build Three Brazilian Wind Farms

Iberdrola has been awarded a contract to build and operate three wind farms in Brazil with a total 90 megawatt capacity alongside local partner Neoenergia, the Spanish renewable energy company said on Tuesday.

The firms will invest 150 million euros ($186 million) in the project, Iberdrola said in a statement, adding it would operate a total of 17 wind farms in Brazil once these are built.

Iberdrola owns 39 percent of Neoenergia and the two operate together as Forca Eolica do Brasil (FEB).

Reporting by Jose Elias Rodriguez; Writing by Sarah White