Alstom - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Alstom SA and Renova Energia Sign First Contract Worth EUR450Million In Brazil To Equip One Of World’s Biggest Onshore Wind Projects
Alstom SA announced that it has signed the first contract, as part of the agreement announced in February 2013, to supply equipment to wind farms in Bahia State. Worth around EUR450 million, the contract was booked in fiscal year 2012/13. These farms will represent a capacity of 513 MW out of the 1,200 MW of the frame agreement. The equipment will be delivered from 2015 onwards and it will generate revenues starting into fiscal year 2014/15. The partnership between Alstom and Renova covers one of the biggest projects in the global onshore wind market., Further contracts will follow this first milestonein the coming years to fulfil the total amount of wind turbines agreed between the companies.
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