ABB (NYSE: ABB), which operates its U.S. headquarters in Cary, has landed a $55 million contract for wind power related facilities and equipment in Brazil.
As part of the deal, ABB will design and install three substations and two power lines along with related infrastructure.
The project is part of Brazil’s efforts to boost wind power capacity to providing some 7 percent of its electricity needs over the next five years.
“These substations will help to integrate wind energy and boost power supplies to meet growing industrial, commercial and residential demand,” said Brice Koch, head of ABB’s Power Systems division. “They will also reinforce the transmission grid and help improve reliability, efficiency and power quality.”
The project is scheduled to be completed by 2014.
