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