The wind energy facility will be built about 20 km south of Tegucigalpa by a consortium formed by Gamesa (76%) and Iberdrola Ingeniería y Construcción.
It will be the largest wind farm in Central America and one of the biggest in the whole of Latin America.
The expected funding totalizes more than $250 million. The contract comprises every phase up to the completion and includes not only the construction of the wind farm plant, but also the development of an electricity grid. It also includes maintenance services for two years from the beginning of operations.
The energy produced by the facility will be purchased by Honduras Empresa Nacional de Energía Eléctrica at a fixed price, and therefore it is poised to help significantly to make the price of electricity less volatile. Indeed, the contribution of the new plant to the electricity grid of Honduras is relevant, since its capacity accounts to approximately 6.5% of the entire capacity installed in this country.
The new wind farm will consist of 51 Gamesa G87-2 MW wind turbines. The wind farm project has a 20-year power purchase agreement (PPA) contract with Honduras’ Empresa Nacional de Energía Eléctrica, and will be financed with funds from the US Export-Import Bank and the Central American Bank for Economic Integration.
For Gamesa, the scope of the contract encompasses the manufacture, supply, transport and erection of the wind turbines, including supervision and start-up of the wind turbines.