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).
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.
Project "Eoleo" aims to generate 44 MW of renewable energy in Rivas, Nicaragua.
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.
With four wind farms set up in the department of Rivas, the country is exploiting only 23% of a potential of 800 megawatts.
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