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Spanish Company to Build $124 Million Wind Farm

Acciona Energía will construct and operate the 49.5 MW wind power plant in Chiripa, north west Costa Rica.

Thursday, November 3, 2011

The energy company was awarded the contract as a result of an invitation to tender held by Costa Rica's state-owned electricity and telecommunications provider (ICE).

Acciona Energía will sell the energy produced by the wind power plant to ICE for a period of 20 years as part of a Power Purchase Agreement (PPA). Once the 20 years have passed ownership will pass to ICE, in accordance with the build, operate and transfer (BOT) formula.

The plant will comprise 33 wind turbines, each with capacity to generate 1.5 MW.

An Acciona Energía press release states that it will invest $125 million in the design, construction and operation of the Chiripa wind farm, which will be located near the town of Tilarán in the province of Guanacaste.

Source: Acciona Energy

Key entities

Grupo Ecoenergía Acciona Energy

Countries

Costa Rica

Insight

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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.

Licenses to Generate 336.8 MW of Wind Power

January 2010

Panama granted "Unión Eólica Panameña" licenses to install, operate and exploit 4 wind power farms.

The public services authority of Panama granted the company provisional licenses to install, operate and exploit the wind farms called Nuevo Chagres, Portobelo Ballestillas, Marañón and Rosa de los Vientos, capable of 42.5, 59.5, 850 and 194 MW, respectively.

Honduras: Wind Farm Ready in August

April 2011

The turbines of the Cerro de Hula wind power project will soon be tested for the first time.

The project is the fourth largest in Honduras and is expected to supply 6% of the country's energy needs by the end of the year. It is scheduled to begin in the coming months.

The first tests will be carried out in August and depending on the results, the wind farm could be operational at full capacity by December.

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).

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