World Bank Finances Goldwind-Supplied Project In Panama

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Turbine company Goldwind USA has announced that the World Bank's International Finance Corp. (IFC) has financed the 215 MW second phase of the Penonome wind project, which InterEnergy Holdings is developing in Panama.

Located in the province of Cocle, the second phase will feature 86 Goldwind 2.5 MW permanent-magnet direct-drive wind turbines. The World Bank-led financing provides $300 million for the project, which is expected to reach commercial operation in 2015.

Goldwind notes that the project represents the company's largest international wind turbine order.

‘This financing by the IFC/World Bank highlights confidence lenders and customers place in Goldwind's 2.5 MW technology,’ says Andrew Evans, director of structured transactions for Goldwind USA. ‘Goldwind is proud to play a leading role in the expansion of renewable energy infrastructure across the Americas.’

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