By Cameron Chai
Globeleq Generation, a power operator has acquired the 44 MW Eolo wind project in Nicaragua.
Globeleq Mesoamerica Energy (Wind), a subsidiary of Globeleq Generation, a company focusing on energy solutions, has bought 100% interest of the project from Eolo de Nicaragua, which develops the wind project.
Eolo is situated in the Rivas province on the Lake Nicaragua shore, which is nearly 125 km south to Managua, the capital. The project includes 22 x 2.0 MW Gamesa G90 wind turbine generators. Under a 20 years power purchase contract, the power produced will be purchased by the subsidiaries of Gas Natural of Spain, Distribuidora Electricidad de Norte and Distribuidora Electricidad de Sur.
Furthermore, Eolo will build interconnection lines and substations to link the national grid. The debt financing for the project is provided by FMO, a finance company in Netherlands, Proparco, a private investor under Agence Francaise de Developpement, a French development body and DEG, Deutsche Investitions und Entwicklungsgesellschaft.
The CEO of Globeleq, Mikael Karlsson, stated that by adding one more advanced renewable wind project, the company’s position in this sector is significantly enhanced. in reference to the company’s wind farms functioning in Honduras and Costa Rica. He added that the Eolo project allows using clean and natural sources that will provide important ecological and economic advantages to Nicaragua.
Globeleq Mesoamerica Energy (Wind) is involved in developing, building and operating the Eolo wind project in Nicaragua. It is supported by Mesoamerica Power and Globeleq Generation.