Energy Windmill farm wind energy Eolo de Nicaragua S.A. alternative energy Enrilews, S.A. Fersa Energías Renovables, S.A. Infrastructure and Construction Ministerio del Ambiente y los Recursos Naturales (Nicaragua) power generation renewable energy wind equipment wind turbines AES Panamá Allan Moreno

$160 Million Wind Farm in Nicaragua

The regulatory agency has authorized the company Eolo de Nicaragua S.A., to construct a wind farm in the department of Rivas.

Monday, June 13, 2011

According to the draft submitted to the Ministry of Environment and Natural Resources (Marena), the new wind farm would be located in the town of Rivas on kilometer 123 of the Panamericana Sur Highway, near the wind farm Amayo.

"Eolo intends to install 40 towers with their respective wind turbines which will produce 60 megawatts in total", reported Elnuevodiario.com.ni

Construction is planned for the third quarter of 2011, and it is expected to be in operation by the end of the year.

Source: elnuevodiario.com.ni

Key entities

Ministerio del Ambiente y los Recursos Naturales (Nicaragua) Eolo de Nicaragua S.A.

Countries

Nicaragua Mexico

Insight

wind energy Windmill farm Energy

Globeleq Acquires Wind Farm in Nicaragua

April 2012

Globeleq Generation Limited (Globeleq), an energy company, announced the acquisition of a 100% stake in the project Eolo de Nicaragua S.A. which aims to generate 44 MW.

Eolo is in the province of Rivas on the shore of Lake Nicaragua, about 125 kilometers south of the capital, Managua.

Wind Power in Nicaragua

July 2011

Since the commissioning of a wind farm in Amayo two years ago, the country has saved $58 million in oil.

Production of the farm, the largest in Central America, is 250 million kilowatt hours per year, representing 11.6% of the total country's demand.

"The engineer and Amayo plant manager, Manuel Callejas Montenegro, said the energy produced by the wind farm is 40 percent cheaper than that produced by thermal generation plants.

Third Wind Farm Built in Nicaragua

April 2012

Work has begun on a new park in the Isthmus of Rivas, a $160 million project which will generate 44 MW.

The project belongs to the company Eolo of Nicaragua, who have invested $160,536,670 according to records at the Ministry of Environment and Natural Resources (MARENA).

Funding for Wind Project Confirmed in Nicaragua

November 2010

AEI Centrans Energy Services, Inc. and Wind Energy of Nicaragua SA, announced funding for Phase II of the Amayo park.

The $ 45 million facilities feature a 15-year loan provided by the Netherlands Development Finance Company (FMO) and the Central American Bank for Economic Integration (CABEI).

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