Panama to Invest $720 Million to Build Two Windfarms

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Researched by Industrial Info Resources (Sugar Land, Texas)--Panama's Energy & Environmental Engineering Corporation is planning to invest $720 million in the construction of two windfarms to add renewable energy to the national grid.

The projects, called Anton Sur and La Colorada, are near the city of Anton, in the province of Cocle. They will have an installed capacity of 90 megawatts (MW) and will consist of 90 wind turbines of 2 MW each. At the moment, the projects are awaiting permits, which are expected to be approved by December 2011. The construction of these facilities is expected to begin in early 2012, with a duration of about 18 months. The estimated investments for these projects are $360 million each.

In the next few years, there will be a large number of windfarms beginning operations in Panama that will add a total renewable capacity of 2,359 MW. These windfarms will include Penonome Toabre Phase I and II (150 and 75 MW), La Chorrera (372 MW), Donoso (600 MW), Anton (105 MW), Cerro Jefe (52 MW), La Soñadora (100 MW), Macano Roma (174 MW), Santa Cruz (58 MW), Marañon (50 MW), Azuero (180 MW), Santa Fe (81 MW), Nuevo Chagres (42.5 MW), Portobelo Ballestillas (59.5 MW), Rosa de los Vientos (194 MW), La Miel (25.5 MW) and Cerro Azul (40.8 MW).

Due to the growth in electric demand, which last year doubled from 6% to 12%, the implementation of these projects will add more megawatts to the interconnected system and satisfy the increasing demand of electricity.

Panama has an installed capacity of 1,700 MW, which will be significantly increased with the generation of renewable sources. This will help to improve the country's energy matrix by avoiding a reliance on petroleum-based products.

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