Río do Fogo wind farm in Brazil.

Iberdola Renovables and Neoenergia, a Brazilian energy holding company, partly owned by Iberdrola Group, have signed an MoU vowing to explore joint venture development of wind energy projects in Brazil. These projects would include both onshore and offshore wind farms.

The future joint venture will be equally owned by both companies, and will bid on tenders issued by Agencia Nacional de Energía Eléctrica, Brazil's state energy agency. These will include the 2010 Reserve Energy and A-3 2010 programs. Currently, Iberdrola Renovables owns and operates one wind farm in Brazil, with 49 MW of installed capacity.

[source: Iberdrola Renovables]