Funding for Wind Project Confirmed in Nicaragua

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

Friday, November 12, 2010

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).

Amayo II wind project includes 11 Suzlon S88 wind turbines 2.1 MW, 50Hz and is capable of generating a total of 23.1 MW of electricity. Combined with wind project Amayo I (which has 19 turbines), the two phases have a total capacity of 63.0 MW, representing almost 10% of the installed capacity available. The project is located in Rivas, a great place due to its high winds, with access to transmission lines which run along the southwest coast of Nicaragua in the Pacific. The generation of both phases is fully contracted by a long term 15-year PPA signed with local electricity distribution companies Disnorte and Dissur.

More on this topic

Panama: First Wind Turbine in Penonomé

August 2013

Unión Eólica has installed the first of 88 turbines on its wind farm in Penonomé in Cocle, in which it will be investing $450 million.

From a press release from the Government of Panama:

For the first time in the history of Panama the first wind turbine has been installed marking the start of the assembly of the Parque Eólico Penonomé as announced at a ceremony attended by President Ricardo Martinelli, who said that thanks to the decision of this government, they have chosen to diversify the country's energy matrix, as exemplified by the installation in this region for the production of cheaper energy, benefiting Panamanians by reducing the costs of the basic food basket.

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.

Nicaragua: AEI Acquires 47.5% of Amayo Wind Farms

May 2010

Energy multinational AEI acquired 47.5% of wind farms Amayo I and II, which output 63MW of clean energy.

AEI bought a 47.5% stake in both the Amayo I and Amayo II wind farms from Texas-based Arctas Capital Group, AEI said in a written statement. It then bought an additional 47.5% interest in Amayo II from Guatemalan firm Centrans Energy Services.

Nicaragua Awards License for Project Amayo II

October 2009

The Ministry of Energy and Mines granted an energy generation license to Amayo Consortium, in order to resume the II phase of their wind energy project.

This project could begin operating in 2010, after a $55 million investment.

"An investigation by newspaper La Prensa suggests that the Government was previously blocking the development of project Amayo II, in favor of another similar project, carried out by company Eolo S.A.", reports Laprensa.com.ni.

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