CPFL Renováveis has agreed to acquire four wind parks in Palmares do Sul, Rio Grande do Sul, from Cobra Instalaciones y Servicios. The four parks, Atlântica I, II, IV and V have installed capacity of 120 MW and are expected to become operational in 2013. The parks have licenses to sell energy, awarded under the 2010 auctions, at prices of R$135 per MWh. The deal requires approval from the National Electrical Energy Agency, Aneel. When it goes ahead, it will take CPFL’s portfolio to 29 projects, of which four are already operational (in Ceará, with capacity of 210MW). The firm has 25 projects under construction in Rio Grande do Norte and Rio Grande do Sul with projected installed capacity of 670 MW by 2014.