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Chinese wind turbine manufacturer to supply 55MW of wind energy for Panama

China-based wind power company, Xinjiang Goldwind Science & Technology Co. will provide 55MW of wind turbines for a wind farm in Panama

Wind farm, Central America
The project will be a part of Panama’s plan to construct Central America’s largest wind farm

The project’s initial phase represents the development of 55MW of wind turbines in the Penonome wind farm in Coclé Province, Panama.

The first phase will be accomplished with 22 of Goldwind's 2.5MW Permanent Magnet Direct Drive (PMDD) wind turbines. According to the company, Goldwind is the world’s largest producer of the revolutionary PMDD turbines, representing the industry’s next generation technology.

Tom Rosenzweig, CEO of Goldwind USA Inc. said: “Goldwind is excited to play a critical role in the developing of the nation’s first wind farm.”

The power generated from the facility will flow to Altenergy SA utility, a subsidiary of GDF Suez SA.

Between 2010 and 2012, the government of Panama awarded Unión Eólica Panameña, the Panamanian affiliate of Spain’s Unión Eólica Española, definitive concessions for several wind farms located in Coclé: La Rosa de los Vientos (102MW), Nuevo Chagres (169MW), Marañón (16MW) and Portobelo (48MW). These projects are in different stages of development and are planned to reach commercial operation by 2015.

Spain’s Unión Eólica Española SL together with Goldwind International Holdings Limited will provide USD 71m to fund the Penonome wind project. Banco Internacional de Costa Rica SA and Banco Espirito Santo de Investimento SA led the financing.

According to Goldwind’s statement, the Penonome project represents the largest wind energy project financed by western lenders using the China-based company’s wind turbines.

Once completed in 2014, the Penonome wind farm will have a total capacity of 220MW renewable energy.