The Venezuelan-Nicaraguan firm has already been granted permission to conduct feasibility studies to develop two projects for power generation using biofuel.
"It is also conducting feasibility studies in the Rivas area, where it has already built the wind farm Alba Vientos, which will have an estimated production capacity of 80 megawatts, provided by two 40 megawatt plants, and which will begin operations in September 2012. This required an investment of $90 million", according to an article on Elnuevodiario.com.ni.
The concept is part of the "Master Plan for the development of renewable energies" which sets out a strategy in power generation for the next 15years.
A study by the National Energy Council (CNE) in conjunction with the Japanese International Cooperation Agency (JICA) outlines a strategy for the next 15 years in the development of technologies using renewable resources.
With four wind farms set up in the department of Rivas, the country is exploiting only 23% of a potential of 800 megawatts.
Although $417 million has already been invested in the construction of new wind farms in the country, there is still ample room to install more and take advantage of this kind of renewable energy generation.