Honduras wind-power project held up by wrangling over price

Mesoamérica Energy's plans to install 100 megawatts of wind power in Honduras is being held up by wrangling with the government over the terms of its contract.

Friday, May 23, 2008

"The government is holding out for a kilowatt/hour tariff that represents a marginal cost of 10 percent, but that's not realistic," said Jay Gallegos, executive director of Mesoamérica Energy.

More on this topic

Honduras could lose $140 million energy investment

July 2008

An investment of 140 million dollars by Energía Eólica de Honduras is in danger of being abandoned.

An offer from the government of the Dominican Republic to develop the project there, with an offer of 12.50 American cents per kilowatt hour has reached the ears of the investors, who are still trying to get the Honduras government to sign a contract.

Wind Farm in Cerro de Hula Moves Forward

November 2010

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).

Honduras: More Investment in Wind Power

December 2012

12 turbines have been added at Cerro de Hula wind farm, with an additional investment of $63 million.

Currently the Cerro de Hula wind farm, owned by Energía Eólica de Honduras, a subsidiary of Globeleq Mesoamerica Energy, has a generating capacity of 102 MW.

The investment of $63 million announced by Deputy Minister of Natural Resources of Honduras, Roberto Cardona, will increase generation by 25 MW, bringing the total generating potential of Cerro Hula to 127 MW.

Honduras: 102MW Wind Farm Contract Awarded

August 2010

A consortium formed by Gamesa and Iberdrola has been awarded the Cerro de Hula wind farm construction project.

Gamesa makes up 76% of the consortium and Iberdrola Engineering and Construction the remaining 24%. The project is for Mesoamérica Energy, a renewable energy company, via its local Honduran subsidiary, Energía Eólica.

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