LM Wind Power, Eolice to build wind blade plant in Brazil

High blade demand, coupled with low supply, prompted LM Wind Power and investment firm Eolice Participacoes e Investimentos to invest $54.1 in a new wind blade plant in Brazil.

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News service Bloomberg reported on Dec. 16 that Eolice Participacoes e Investimentos (Villers-le-Bouillet, Belgium) and LM Wind Power Group (Kolding, Denmark) will build a wind turbine blade factory in Brazil. According to the report, construction of the $54.1 million plant will start in April 2011 at Suape Port in the northeastern state of Pernambuco.

Eolice was formed in 2010 by a group that included three former executives of Brazilian aircraft maker Embraer SA. The report says that Brazil imports blades because the two companies that have factories there, Tecsis Tecnologia E Sistemas Avancados Ltda. and Wobben Windpower - Industria e Comercio Ltda., aren’t meeting demand, Barros said.

According to the report, the factory will start producing 50m/164-ft blades in the middle of 2013.

Click here for full Bloomberg report.