Suzlon Sells Wind Farms To Brazilian Funds For $300M

Law360, New York (March 13, 2012, 5:47 PM EDT) -- Suzlon Energy Ltd., India’s biggest maker of wind turbines, on Tuesday reportedly sold five Brazilian wind farms for 540 million reais ($300 million) to a consortium including two of Brazil’s biggest banks.

Funds managed by Banco do Brasil SA and Banco Votorantim SA, along with a division of Brazilian energy company Oleoplan SA, bought the projects, whose capacity totals 136.5 megawatts, according to Brazilian newspaper Valor Economico.

Suzlon will reportedly keep its supply and maintenance contracts on the five projects.

Suzlon bought five Brazilian wind farms...
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