Santander buys 40% in Brazil wind energy developer BW Guirapa I - report

Aug 20, 2013 - Santander Brasil, a unit of Spanish bank Santander (MCE:SAN), has reached an agreement to acquire 40% in BW Guirapa I, which is developing seven wind parks for a total 170 MW in Brazil's Bahia state, Santander told Agencia Estado news agency on Tuesday.

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 (USD 64.8m/EUR 48.4m).

(BRL 1.0 = USD 0.418/EUR 0.312)

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