Currently AES is building a the hydroelectric project Changuinola I located in the province of Bocas del Toro.
"Previously, AES started the evaluation process for the Barrigón project, in Chiriquí province, for the production of wind power, but the location did not meet required conditions for things such as wind speeds, among others, and it did not receive approval from the Public Services Authority," said Javier Giorgio, the manager of AES Panama.
"Now we are negotiating with the owners of projects that might be viable to buy them and to develop them as an alternative source of energy," said Giorgio.
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).
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.
Energy generated from wind power has great potential for growth in a region where access to natural gas is limited and countries mainly depend on diesel.
According to Adrian Katzew, manager of the Danish firm Vestas, a wind turbine manufacturer, the wind industry’s potential for growth of at the regional level is very high, considering that in Central America and the Caribbean there is no easy access to natural gas, meaning that power generation is dependant mainly on diesel and hydroelectric sources "which are very cyclical."
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