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."
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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.
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.
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.
An announcement has been made of the launch of a wind power generation plant built and operated by the company Terra Energy in San Marcos de Colón, in the department of Choluteca.
The plant has the capacity to generate 50 MW, with 25 wind turbines and is located south of the capital. The project required an investment of $100 million and was completed before the agreed time, three years.