Maxo Benalal, executive director of Industria Tecnológica Panameña (ITP), indicated the work is scheduled to begin in September.
Panama will become the third Latin American country to receive a wind power equipment manufacturing center after Brazil and Mexico.
According to Prensa.com, ITP is currently developing two wind farm projects, one in Veraguas in the centre-west of the country and another in Ngäbe Buglé, a partially autonomous indigenous region. Together the projects represent and investment of approximately $300 million.
Source: Prensa.com
More on this topic
September 2011
The company has selected the wind turbine manufacturer Vestas, to begin its project in Nicaragua.
Vestas received an order for the manufacture of 22 generating units of 1.8 MW each, for the wind project ‘La Fé’ (The Faith), which will generate 40 MW of energy and will be located in San Martin, Nicaragua.
June 2009
Funding pledged by international banks hit by the global financial crisis must be replaced by other sources of capital.
In other cases, the government has denied the necessary operation permits due to breach of requisites.
Actions by environmentalists, who want to prevent the use of the Santa Fe National Park for a wind farm, claiming "ecological fragility" of the area have also influenced in the delay.
July 2008
An investment of 140 million dollars by Energía Eólica de Honduras is in danger of being abandoned.
An offer from the government of the Dominican Republic to develop the project there, with an offer of 12.50 American cents per kilowatt hour has reached the ears of the investors, who are still trying to get the Honduras government to sign a contract.
November 2010
Globeleq announced the wind power plant in Honduras reached financial agreements and will begin construction.
The majority-owned subsidiary of Globeleq, Mesoamerica SA Renewable Energy (Known as Mesoamerica Energy), leader in development of wind projects in Central America, has been developing the 102 MW wind power project through its own local entity Wind Energy Honduras SA (EEHSA).
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