Cemig to Invest $621M in Renova

Aug 09, 2013, 4:57 PM EDT
Wind turbines at Mucuripe's seaport, in Fortaleza, Ceara State, northeastern Brazil, on December 11, 2012.
AFP/Getty Images/EVARISTO SA

Cia. Energetica de Minas Gerais (Cemig), Brazil’s second-biggest power utility, is to invest 1.4 billion reais ($621 million) in the renewable-energy developer Renova Energia to boost its wind power. Brazil's utilities are looking to increase their wind capacity for power generation in the dry season when water levels for their hydropower plants are low.

YOU MIGHT ALSO LIKE