Nicaragua continues to push forward with Green Energy alternatives

Posted by Mike Cobb on Sep 20, 2011 6:04:40 PM

As you can see from the article below, Nicaragua continues to push forward with Green Energy alternatives. There exists already 40 MW of installed wind power and the addition of 39 MW more nearly doubles that amount. Studies show that Nicaragua has the near term generating potential of over 800 MW of wind power alone.  Geothermal and hydro are also factors for Nicaragua's move toward a sustainable energy future. In addition to the wind for energy generation, the western shores of Lake Nicaragua provide an incredible location for wind surfing and kite surfing.

Nicaragua orders 22 units of the V-90-1.8MW platform for the wind project La Fe

Vestas has received an order for a total of 39.6 MW consisting of 22 units of the V90-1.8MW platform for the wind project La Fé – San Martin in Nicaragua.

The order has been placed by Blue Power & Energy S.A. (BPE) – A company specialized in the development of wind power projects. Delivery of the first turbines is expected to start in 2011 and the project is expected to be commercially operational during the first half of 2012.

Joaquin Cuadra L, Blue Power & Energy CEO, declares: “Having a supplier as reliable as Vestas has made it easier for us to obtain financial closure. “Vestas brought reliability and confidence not only to the banks, but also to the developers. We are very pleased to have Vestas as our wind turbine supplier”.

Published on:Â Sept. 17, 2011 by: 7th space Interactive

Mike Cobb

Written by Mike Cobb

With proven experience in international real estate development, Mike Cobb is a time-tested Industry Sage, expert and entrepreneur with a passion for helping consumers achieve a high-quality retirement.

Topics: Investing in Nicaragua