Spanish multinational electric utility Iberdrola and local partner Neoenergia have begun building a 150 MW wind energy complex in northeastern Brazil.

The Calango complex, which will be one of the country's largest once it comes online at the end of next year, is located in Rio Grande do Norte state and will consist of five wind farms with 30 MW of generating capacity each.

This latest development means all 10 wind farms Iberdrola and Neoenergia are jointly developing in Brazil - and which will have combined generating capacity of 288 MW - are now in the construction phase.

The other five wind farms - Mel 2 (20 MW) and Arizona 1 (28 MW) in Rio Grande do Norte and the Caetite complex (consisting of three wind farms with 30 MW of generating capacity each) - are in the advanced development stage.

Those 10 wind farms will supply electricity to nearly 450,000 Brazilians and prevent the emission of 510,000 tons of CO2 annually.

Some 200 jobs will be created in the wind farms' construction phase, while another 20 professionals will be hired to operate and maintain them.

All of the projects are being funded by the BNDES state development bank and state-controlled Banco do Brasil - Brazil's largest bank - through 10 loans totaling 300 million euros ($393.8 million).

Iberdrola owns a 39 percent stake in Rio de Janeiro-based Neoenergia. EFE