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Costa Rica

Costa Rica

Wind nearing five percent of demand

A new 20 MW wind plant is on-line in Costa Rica. The project, financed in part by the Danish government agency Danida, was developed by Energia Global International Ltd, a Bermuda-based developer of power plants in Central America, the US project developer International Wind Corporation (IWC) of Dallas, Texas, and Aerogeneracion de Centro America SA, a Costa Rican wind energy company. The "Tierras Morenas" wind farm of NEG Micon turbines, in the north near Tilaran in Guanacaste province, is Costa Rica's third. Nearby are a 6.4 MW project, AeroEnergia, which went on-line last summer, and a 20 MW plant originally developed by the one time leading US wind company Kenetech Corp. Another 20 MW of wind is being planned, says Enrique Morales of the Instituto Costarricense de Electricidad, Costa Rica's state-owned utility, which owns the project. Once that is in the ground, wind power penetration in Costa Rica will meet almost 5% of demand. The wind farm was financed by Energia Global and IWC with a combination of equity and $24.3 million of loans and grant support from Danida, CABEI, the Central American Bank for Economic Integration; and a consortium of five Costa Rican banks led by Banco Interfin, SA.

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