Nicaragua: IIC Funds for $ 50 Million Wind Project

The Blue Power & Energy Trading Co. is negotiating funding with the IIC for construction of the La Fe-San Martín wind farm.

Wednesday, February 9, 2011

The proposed wind farm investment involves 22 wind turbines of 1.8 MW capacity each, Vestas V90 type, resulting in a total generating capacity of 39.6 MW per year. The project will be located in southwest Nicaragua, near the town of Rivas. The park will be interconnected by a network of roads wind farm and the Energy will be delivered to the Amayo substation through a 13 kilometer transmission line.

The main objective of the La Fe / San Martín wind farm is to provide electricity at reasonable costs to Nicaragua's electrical system through a clean and renewable source of energy. The expected net electricity generation of the park will be 138 GWh per year with a 40% plant capacity. The project qualifies for registration as a CDM project.

More on this topic

Honduras : $127 million For Wind Project

February 2014

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.

Nicaragua: Terra Group Announces Acquisition of Blue Energy

October 2012

The deal, which is still subject to bank approval, will mean the Honduran group will have raised $50 million from the Inter-American Corporation for Investments.

An article in reports that the negotiations began two months ago, when the entrepreneur Freddy Nasser of Terra Group approached Joaquín Cuadra Lacayo, president of Blue Power & Energy, "to sound out the business opportunity.

Blue Power Hires Turbine Construction Company

September 2011

The company has selected the wind turbine manufacturer Vestas, to begin its project in Nicaragua.

Vestas received an order for the manufacture of 22 generating units of 1.8 MW each, for the wind project ‘La Fé’ (The Faith), which will generate 40 MW of energy and will be located in San Martin, Nicaragua.

Nicaragua: $ 50 Million Loan for Wind Energy

March 2011

The Inter-American Investment Corporation approved a loan to Blue Power & Energy for development of the La Fe-San Martín wind farm.

The loan proceeds will enable BPE construction, commissioning and operation of 22 V90 Vestas generators of 1.8 MW each in Rivas, southwest Nicaragua. The wind park is expected to generate 138 GWh of electricity a year, contributing to an increase of over 5% of the country´s electricity consumption.

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