US power- equipment supplier General Electric (GE) has secured a $895.3m contract to supply wind turbines for the projects being developed by Brazilian wind energy company Bioenergy Geradora de Energia.
Under the agreement, GE will supply 207 turbines for 13 wind projects of Bioenergy located in the northeastern state of Maranhao.
The agreement further includes furnishing of additional 170 future projects. GE is set to invest in a local supply chain in line with new local-content requirement of national development lender Banco Nacional de Desenvolvimento Economico e Social in a bid to sell the turbines with cheap debt, reported Bloomberg.
Earlier in December 2012, Bioenergy procured agreements through a government held auction to sell the power generated at the wind farms at BRL 87.77 ($43.6) per MW.