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Chinese electricity company SPIC announced on Wednesday a 780 million reais ($147.41 million) investment in construction of two new wind farms in Northeastern Brazil, while making its debut in the country's solar sector, with two large parks beginning operations. The company is diversifying its portfolio and aiming to become one of Brazil's three largest energy generators, Adriana Waltrick, CEO of SPIC's Brazilian unit, told Reuters. SPIC's new wind farms, to be built in Rio Grande do Norte state, will have a combined installed capacity of 105.4 megawatts (MW) to be sold on the free energy market.

Minas geraisRio grande do norteAdriana waltrickDavid gregorioLeticia fucuchimaLuana maria beneditoRecurrent energyNortheastern brazilRio grandeCanadian solar