Germany-based renewable energy developer juwi says it has expanded its business in Latin America.
The company's business activities for the growing markets in Central America and the Caribbean will be coordinated by its subsidiary juwi Energias Renovables – Centro America y el Caribe Ltda., based in San Jose, Costa Rica. In addition, the juwi subsidiary is widening its product portfolio to include not only wind, but also solar and bioenergy plants.
The company has entered the Nicaraguan market by signing a contract with Alba de Nicaragua S.A., a joint-venture company owned by the Nicaraguan and Venezuelan governments, to supervise the construction of a 39.6 MW wind farm in the city of Rivas, located on the western shore of Lake Nicaragua.
The wind project consists of 22 1.8 MW Vestas V100 turbines. Most of the project financing is coming from the Venezuelan government as a part of long-term aid for the Alba Group (The Bolivarian Alternative for Latin America and the Caribbean) countries.
juwi has been working in the Central American market for 11 years now. In late 2009, the company constructed Costa Rica's largest wind farm and is currently constructing a 15.3 MW wind project in Costa Rica that is expected to be operational by year-end.