Ventania Puts Up Over US$ 500 Million for Brazilian Wind Farms

Martifer factory in Portugal Controlled by the Portuguese company Martifer and the Brazilian Energia Global, the firm Ventania is vowing to invest 1.2 billion Brazilian reais (US$ 520 million) in the construction 11 wind farms in northeastern Brazil between 2009 and 2010.

Of the 11 wind farms, five should be in the state of Ceará, four in Piauí­ and two in Rio Grande do Norte. "The entire investment should be made by Ventania, which will have a subsidiary in each state," said Armando Ferreira, the president at Energia Global.

According to the businessman, the confirmation of the projects "depends on the evolution of the current conjuncture, on federal government decisions relative to the release of specific auctions of wind sources and on the conditions."

On Friday (17), Ventania, whose capital is 55% in the hands of Martifer and 45% in the hands of Energia Global, inaugurated wind farms Canoa Quebrada and Lagoa do Mato, in Aracati, 140 kilometers away from Fortaleza.

The vice president of the group and CEO of Martifer Renewables, Jorge Martins, who was present at the inauguration, said that the two parks represent the company's entry into the wind energy market.

Included in the Alternative Energy Source Incentive Program (Proinfa), of the Ministry of Mines and Energy, both wind units received investment of 72 million reais (US$ 31 million), being 44 million reais (US$ 19 million) financed by the Bank of the Northeast, an institution headquartered in the city of Fortaleza.

Together, the parks should be able to generate around 61,000 megawatts/hour, enough to supply around 50,000 families, as estimated by Armando Ferreira, also president of the Brazil Portugal Chamber in Ceará. This capacity also avoids the emission of 25,800 tonnes of CO2 into the atmosphere.

The works for construction of the parks began in March 2007 and, according to the businessman, "this is an important step for Ceará, which is heading towards self sufficiency."

According to Jorge Martins, the investment program for the Northeast forecasts around 4 billion reais (US$ 1.7 billion), distributed into renewable energy projects over the next four years in different cities.

Solar energy and biomass projects are also part of the plan, in a model that should follow the path of developments in California, in the United States, in the sense of providing the greatest possible profitability in energy sources that are combined in a hybrid park.

"Brazil fits well in this process, as it has better conditions," stated Martins, adding that "to date, the United States concentrate the greatest number of projects, with 800 MW, but Brazil is moving fast."

Jorge Martins also sees good perspectives for biodiesel, "which should find its space in the medium term." "Brazil is the best example of this, with ethanol," added the vice president at the group.

Martifer has a soy production area in Maranhão and plans to advance in the direction of Piauí­, with the production of other kinds of grain, possibly maize, already under study. Production should be used to supply raw material for the group.

Martifer group operates in 19 countries and, according to Martins, already has two biodiesel production units in Europe.

Lusa

Tags:

You May Also Like

Water Rich Brazil Faces Water Shortage

Brazil’s Federal Water Agency (ANA, Agência Nacional de Àguas) and the environmental organization WWF-Brasil ...

Brazil’s Auto Parts Industry Exports Grow 18% to US$ 7 Billion

Brazil's auto parts exports from January to August generated US$ 6.95 billion, a growth ...

Brazil Says Gol Profited US$ 81 Million, US Says It Lost US$ 18 Million

Despite heavy losses, Brazilian airline company Gol reported a 60% increase in its net ...

Brazil’s Embraer Poised to Deliver Over 200 Jets in 2008

Brazilian aircraft manufacturer Embraer, in 2008. has delivered 145 jets up to the end ...

Cardoso Left Without Right and Left Arm

Sérgio Motta and Luís Eduardo Magalhães die in action leaving Fernando Henrique Cardoso orphan. ...

While Bush Caters to the Right and the Lab Lobby AIDS Ravages Brazil and LatAm

Between February 5 and 8, some of the world’s most talented scientists and clinicians ...

Congressman Calls New Brazil’s Cabinet Chief Expert in Robbing and Assaulting

Dilma Rousseff, Brazilian president Lula da Silva’s cabinet chief, claimed that several political groups ...

Brazil’s Marfrig Expands Its Presence in Argentina with US$ 20-Million Feedlot

Quickfood, a meat processing group installed in Argentina, but that  belongs to the giant ...

Brazil, a Land of Nobles and Serfs

"In Brazil, one population today has medical services as sophisticated as those of the ...

Brazil Strikes Light Oil Under 2 Kms of Salt

Petrobras, Brazil’s state-owned oil company, confirmed  in a press statement, the existence of light ...