ABB has won an order worth around $55m to supply three new substations and transmission infrastructure for the Brazilian utility Eolicas do Sul. The order was booked in the second quarter. This project is part of the government's efforts to increase the share of wind power as part of its renewable energy portfolio. Brazil has added significant wind power in the past few years and currently has over 1500 megawatts of installed wind capacity with another 7000 MW in the pipeline over the next five years.
The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman …