Ireland's Mainstream Renewable Power and Chinese wind turbine maker Xinjiang Goldwind Science & Technology Co. have formed a 50-50 joint venture to build a 70 MW wind farm in Chile.

According to Reuters, construction of the first $140 million, 70 MW phase of the Ckani wind farm should start by the end of 2012. The project has the potential to have a capacity of 240 MW by 2015. Goldwind’s Chicago-based subsidiary will supply 47, 1.5 MW wind turbines, the article said.

The entire project could reportedly cost $480 million.

Goldwind also secured a deal to supply turbines to a 16.5 MW wind project in Ecuador in late 2011.

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