Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208) has signed its first supply contract in Brazil, the firm’s general manager for South America, Xuan Liang, told Reuters on Wednesday.
The value of the deal or the name of the company that awarded the contract were not disclosed.
Goldwind had been looking at the Brazilian market for at least three years, going as far as evaluating a possible acquisition of wind projects so as to enter it.
Even though the firm was unsuccessful in the December 2017 energy auctions, Goldwind is considering giving the tenders another go, Reuters said. There is already an auction scheduled for April 4 and a second one is to take place sometime between May and August 2018.
The Brazilian wind sector has already attracted some of the world’s top players such as Denmark’s Vestas Wind Systems A/S (CPH:VWS), Gamesa Renewable Energy SA (BME:SGRE), Nordex (ETR:NDX1), Acciona SA (BME:ANA), and German company Enercon GmbH. Local electrical equipment manufacturer WEG SA (BVMF:WEGE3) also started producing wind turbines to meet domestic demand.