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Costa Rica

Costa Rica

Colorado's Econergy International announces plans for 50 MW project

Colorado's Econergy International recently announced plans to build, own and operate a 49.5 MW wind development in Costa Rica. The project, Proyecto Eolico Guanacaste, is part of a 20 year contract awarded by Instituto Costaricense de Electricidad (ICE), a government-owned electric utility of Costa Rica. The contract was awarded through a bid submitted in May, while the necessary land was secured in June. Econergy plans to invest about $12 million into the project of 55 turbines. Construction is expected to begin in March of 2007, with completion slated for a year later. ICE has contracted to purchase the power for $0.0974/kWh between January and May, while paying 40% of that price the rest of the year. Econergy, which has released no details of the turbine it intends to use in the project and declined to elaborate further, claims it has 40 clean energy projects under development throughout Latin America and also sells carbon credits. Costa Rica has a number of other small wind developments in progress with a combined capacity of about 70 MW, according to the country's ministry of environment and energy. Installed wind capacity in the country so far is 70 MW spread over a handful of projects.

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