Third Wind Farm Built in Nicaragua

Work has begun on a new park in the Isthmus of Rivas, a $160 million project which will generate 44 MW.

Tuesday, April 17, 2012

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.

Moreno explained that "the wind farm will consist of the installation of 22 wind towers with their respective turbines, and each will have a production capacity of 2 MW, so that in total energy production from wind power will be 44 MW."

More on this topic

Globeleq Acquires Wind Farm in Nicaragua

April 2012

Globeleq Generation Limited (Globeleq), an energy company, announced the acquisition of a 100% stake in the project Eolo de Nicaragua S.A. which aims to generate 44 MW.

Eolo is in the province of Rivas on the shore of Lake Nicaragua, about 125 kilometers south of the capital, Managua.

New $115 Million Wind Power Project

October 2012

Project "Eoleo" aims to generate 44 MW of renewable energy in Rivas, Nicaragua.

The privately funded initiative will be financed with $90 million in loans from European banks and $25 million provided by Nicaraguan investors.

It will boast 22 generators, 18 of which will be located on the shoreline of Lake Nicaragua, while the remaining four will be placed on the west side of the Pan-American Highway.

50MW Wind Farm in Honduras

July 2014

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 Potential of Wind Power in Nicaragua

March 2014

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.

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