February 6, 2013 / 12:36 PM / 5 years ago

STXNEWS LATAM-Alstom signs 1 bln euro deal with Brazil's Renova

France’s Alstom signed a 1 billion euro ($1.35 billion) deal with Brazilian wind farm operator Renova Energia to supply generators with 1.2 gigawatts potential.

Brazil’s wind power sector has taken over the past couple of years thanks to government tax incentives for equipment suppliers that set up manufacturing plants in the country and meet local content requirements. (1 Euro = $1.35)

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