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.
The company UEP Penonomé II plans to invest $130 million in the construction of the fourth phase of the wind farm, increasing total capacity to 67 MW.
The company in charge of the project announced that in the fourth stage it will add 25 new turbines, which could be of a size greater than those already present on the wind farm. It is expected that construction work will begin in January 2016.
Unión Eólica Panameña has been awarded a contract to provide electricity to ETESA using 110 wind turbines installed in Penonomé.
The first wind farm in Panama will have to start operations in the second half of 2013, according to the plans of Unión Eólica Panameña (UEP), a Spanish company that has won the contract with the Electricity Transmission Company SA (ETESA in Spanish).
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