The letter of credit issued by Citi to Globeleq Mesoamerica Energy is for the import of 25 turbines for the 50MW wind farm Orosi, to be built in Guanacaste.
The Spanish company Gamesa is the beneficiary of the letter of credit for the import and installation of 25 turbines in the wind farm being developed by Globeleq Mesoamerica Energy in the area of Quebrada Grande, near Liberia, Guanacaste.
The Spanish company Iberdrola has announced an $84 million agreement with Terra Group for the development of the turnkey construction project in San Marcos de Colon.
A statement from Iberdrola:
IBERDROLA INGENIERÍA AND GAMESA WILL BE BUILDING A WIND FARM IN HONDURAS IN SAN MARCOS, OF 50 MW
The new renewable energy facility will be able to meet the electricity needs of 100,000 households.
The delayed construction of the wind power project to generate 50 MW in San Marcos will be funded by international banks.
The Dutch Development Bank (FMO) announced that five international financial institutions have provided loans for $127.5 million to finance a 50 MW wind power project in San Marcos. The project is owned by Vientos de Electrotecnia, a member of the Terra Group and includes the installation of 25 Gamesa wind turbines.
By the end of 2014 the Spanish company Gamesa expects to complete the construction of a 50 MW wind farm in the province of Guanacaste.
From a press release by Gamesa:
Gamesa, a global technology leader in the wind industry, has signed a contract, in Costa Rica, for construction, supplies and turnkey installation of a 50 MW wind farm with Globeleq Mesoamerica Energy (GME).
Work has begun on a new park in the Isthmus of Rivas, a $160 million project which will generate 44 MW.
The project belongs to the company Eolo of Nicaragua, who have invested $160,536,670 according to records at the Ministry of Environment and Natural Resources (MARENA).
The construction is being managed by the Spanish company Gamesa. Allan Moreno, construction manager for the company, said that they plan to perform the first tests of the wind farm in November and then deliver the finished works to Eolo de Nicaragua, reported Elnuevodiario.com.ni.
The work, considered the greatest in Central America, will generate 102 megawatts of wind-based energy.
A press release from the Presidency of Honduras states:
This work puts Honduras at the forefront of wind power generation, having the largest facility in Central America.
President Porfirio Lobo Sosa, opened on Wednesday, the first wind farm in Honduras, located in Cerro de Hula, between the towns of Santa Ana, San Buenaventura and Ojojona in the department of Francisco Morazán.
Honduras has started testing at the Cerro de Hula wind project, valued at $270 million, which will generate 102 megawatts per year.
The works at the wind farm, the largest ever built in Central America began in late January, and have advanced faster than expected, according to a spokesperson from the presidential palace in Tegucigalpa.
The wind farm will consist of 51 Gamesa G87 generators, two megawatts each, mounted on 80 meter high towers which have three 40 meter blades. Tests have been conducted on 34 of the 51 wind turbines.
President Porfirio Lobo authorized commencement of work at the 'Cerro de Hula Wind Project', which will generate 102 megawatts.
The works will last for a year and are conducted by the Consortium Iberdrola / Gamesa, subsidiary of Ibedrola-Spain.
"The park will consist of 51 Gamesa G87 wind turbines, of two megawatts each, mounted on 80 meter towers with three 40 meter blades." reported Latribuna.hn.
With a $ 250 million investment the wind farm equipped with 51 auto generators will produce 100MW.
The Project is a consortium made up by Gamesa and Iberdrola Engineering and Construction.
"The sustainability of this project comes from the energy purchase contract (PPA), which is for a period of twenty years with the National Electricity Company (ENEE)." Reports Elheraldo.hn.
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.
The project already has a 20-year Power Purchase Agreement (PPA) with the country's national electricity supplier (ENEE) and is financed by funds from US Export-Import Bank and the Central American Bank for Economic Integration (CABEI). The Cerro de Hula windfarm construction is a turn-key contract, expected to be completed within 18 months. It will feature 51 Gamesa G87-2 MW wind turbines.