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Wind Turbine Plant to be Built in Panama

A Belgian-Spaniard company is building a wind turbine factory in the Panamá Pacífico.

Monday, March 30, 2009

©image: Eduardo Fonseca

The operation is being carried by Industria Tecnológica Panameña (Panamanian Technological Industry, in english) (ITP), a company that emerged from the union of the Belgian consortium Turbowinds and the Spaniard Holly World Computers. The former has 60% and the latter 40% of ITP.

Turbowinds, the former US WindMaster, is a Belgian company with over 30 years in the wind turbine and windmill market in Belgium, Ukraine and India. ITP will have 50 employees in Panama in the beginning and is looking to have orders of between 50 and 100 wind energy generators in the first year.

According to a note published in prensa.com, the factory, which is located in Panamá Pacífico, will start operating in late 2009.

Source: Prensa.com

Key entities

Turbowinds Panama Pacifico Holly World Computers Industria Tecnológica Panameña

Insight

wind turbines new factory new company industrial facility construction wind energy Energy Industry

Panamanian Authority renews permits for ITP Group's 152MW wind farms

June 2010

Panamanian Authority has renewed two wind farm permits for Spanish-Panamanian Group ITP: Boquete for 100 MW and Veraguas I for 52 MW

Panamanian Authority has renewed two wind farm permits belonging to the ITP Group, that of Boquete for 100 MW and that of Veraguas I for 52 MW. The later is also undergoing an extension to 92 MW.

Construction of Wind Power Equipment in Panama

August 2010

With a $10 million investment, the Panama corporation ITP is to build a wind energy manufacturing and maintenance plant.

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.

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