Wind turbine manufacturer Goldwind USA Inc. will provide 25% of the wind turbines for a 220 MW wind project being developed by Union Eolica Panamena in Panama.
The project, called the Penonome wind farm, will be located in the province of Cocle and will feature Goldwind's 2.5 MW permanent magnet direct-drive wind turbines. Terms of the supply deal were not disclosed.
Goldwind will supply, erect and commission the wind turbines and power plant, as well as supervise the work performed by the balance-of-plant contractor on civil works construction and the electrical and transmission interconnection to the Panamanian Electric System.
Goldwind says equity capital has been committed for the first phase of the wind farm, representing 25% of the project, by Goldwind's investment arm, Goldwind Capital. The full project, which will be the largest in Central America, is scheduled to begin operation in 2013.