China's SPIC pumps $147m into Brazil wind farms, launches solar parks

China's SPIC pumps $147m into Brazil wind farms, launches solar parks

FILE PHOTO: Wind turbines and solar panels are seen at a wind and solar power plant by State Power Investment Corporation (SPIC) in Zhangjiakou, Hebei province, China October 29, 2018. REUTERS/Stringer/File Photo

Chinese electricity company SPIC announced on Wednesday a 780 million reais ($147.41 million) investment in construction of two new wind farms in Northeastern Brazil, while making its debut in the country’s solar sector, with two large parks beginning operations.